PirateEquity wrote: Just reviewing this market Pirate of yours people! They just snagged the longest standing medical marijuana producer in Canada in the best pirate executed moves I have ever seen on either side of the border!
This is a "merger and acquisition" execution that should be reviewed in graduate courses at top Universities! There's drama, there's marksmanship, there's all the components to make this captivating theatre and it's not fiction! It's real! Someone wake up Hollywood! There's a reality show in the making! The Pirates of the Stock Markets! Terry Booth as lead character in it's opening show featuring Aurora.
Can someone familiar with Aurora please fact check what I'm seeing here?
Poor little Cannimed was going alongs its way, enjoying a medical only path, ignoring the very lucrative adult recreational market and its valuation suffered. Have you seen the number of negative comments and TV interviews posted by the departing CMED CEO!? That guy was actually against recreational use of his products? The Cannimed Oils are THAT good.
Aurora pulled up with its big ship to the little struggling ship in October/November to take it over. The little ship already had its own little flim-flam newly built set of pirates connected to hit: Newstrike, in a pathetic move to try to fend off the large Aurora Pirate ship. But the course of action was already set. Large portions of the crew had already signed on to the Aurora ship and were wearing its colors with lock up agreements which were executed to perfection! Again! University graduate course material here people!
I'm a mergers and acquisition guy. I normally watch private equity guys like Blackrock and friends at work. But Aurora is the merger and acquisition master in his space. Aphria is very weak paying as much as Aurora for a bunch of papers for newbie Nuuvera. Aurora just took over magic. Pure magic. A shipped filled with liquid gold and a timid captain.
Last week, directors of the old ship walked the plank. They are gone! The CEO is staying for the integration. But Aurora knows what it got. Knows the deal. And, like they have in the past with that greenhouse builder acquisition in November, the stock has dipped but what happened just after? Big run. Don't take my word, look at the acquisitions, impact on stock and clear run afterwards.
And what about that huge European distribution acquisition closed in December? Pedanios, a leading wholesale importer, exporter, and distributor of medical cannabis in the European Union ("EU"), based in Germany?
Mates! Focus on the facts! Focus on the growth! Focus on the next Aurora Pirate Target! I'm pulling up a chair here on deck. Let's go on the hunt! We need keen eyes!
Just a word of warning. This ship will grow and grow and grow but watch the execution closely. Growth by Acquisition stocks are rocket ships but if they aren't well maintained, they can't sustain themselves. But we aren't even close to that phase of the cycle yet.
Alcohol companies like Constellation just started to buy into this sector and when those guys buy in, it's not a few thousand shares, it's a good chunk of the ship! And pharmas! Well... Pharmas are coming. It's not "if", it's when!
Charish your Aurora captain and crew here. They have proven their ability to maximize shareholder value. I wouldn't want to me their next target. They executed this hostile take over to perfection. I dare anyone to tell me the contrary! Give me just the fact and please check mine:
The facts are:
1. Hostile low bid in November with lock up of over 1/3 of shareholders by the time the Canimmed ship realized it.
2. Rough negotiations in January where the CEO and rest of crew where "convinced" to sign a Support Agreement ending the hostilities but solely on Aurora's terms. A true "Nobody got any sleep" boiler room tactic by real market pirates. Last minute deal, delaying, then cancelling the Newstike vote.
3. Beautiful execution of the "vote to get cash" by tendeing your shares. Some fools expecting to get $43 cash per shares and getting less than $6 when the dust settled. Went from 70% take up of CMED shares March 9th to over 87% on March 12th as a result and now controlling the CMED ship 100%.
4. Aurora taking over assets using it's formidable pirate ship currency keeping as much cash in its pockets as it could.
5. Paying much less, sub $1B when the markets were expecting well over $1B. And keep in mind, that's with less than $140M cash, or $121M real cash today as of March 12th.
Jump overboard mates, I'm jumping in this Pirate Aurora Ship! Cannimed is done, who's next?