Aurora Cannabis downgraded to “HOLD” at GMP following CanniM dyod
Sorry if someone has posted this alredy
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Aurora Cannabis downgraded to “HOLD” at GMP following CanniMed bid
link:
https://www.cantechletter.com/2017/11/aurora-cannabis-downgraded-to-hold-at-gmp-following-cannimed-bid/
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IMHO, ACB is not going to walk away from CMED. Executives from both sides are probibly
working on a revised offer today and tomorrow so a new formal proposal can be presented to CMED on Monday. CMED is in play now . I don't think ACB will let a CMED white knight come in and scoop them ( ie:WEED). Too many snynergis on this merge for ACB to pass up.Just guessing, but maybe ACB will do a revised offer of ACB stock and maybe some cash. IMHO, CMED is getting a very attactive forward earning multipule.
If ACB doesn't do a formal proposel for CMED on Monday, and CMED doesn't bring anyone new to compete with the ACB unsolicited offer, CMED shareholders are < IMHO, going to see a drop in stock price on Monday.
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I'm Long ACB and HIP. I will buy any ACB dips under $5.50 (if ACB trades below $5, it's a no brainer buy) . I see double digets on ACB by First Q results 2018
GLTA ACB Longs.
I hope ACB does get a mutally acceptable deal done with CMED. If no deal with ACB, I think CMED will be up on the dance floor with someone else in shore order. GLTA CMED longs.Thanks for the HIP bounce.
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Best Regards
BV1