Aurora is Watching LDSAurora Cannibis is acquiring strategic mmj companies.
Aurora is trading at 71.90 sales multiple
https://ycharts.com/companies/ACB.TO/ps_ratio
Just consider if they bought LDS out for $1 billion or $7.41(assuming 135 million shares outstanding), they would increase their market cap by $5.04 billion.
LDS oil extraction sales of $84 million (800L x $7k/L * 1.25 exchange x 12 months).
Now multiply by sales ratio of 71.90 = $6.04 billion
Deduct the $1 billion
Equals $5.04 billion
Watch and learn,
Wisee