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Aurora Cannabis Inc T.ACB

Alternate Symbol(s):  ACB | T.ACB.WS.U

Aurora Cannabis Inc. is a Canada-based medical cannabis company. The Company's principal business lines are focused on the production, distribution, and sale of cannabis related products in Canada and internationally. The Company’s segments include Canadian Cannabis, European Cannabis and Plant Propagation. The Company's adult-use brand portfolio includes Aurora Drift, San Rafael '71, Daily Special, Whistler, Being and Greybeard, as well as CBD brands, Reliva and KG7. Its medical cannabis brands include MedReleaf, CanniMed, Aurora and Whistler Medical Marijuana Co, as well as international brands, Pedanios, Bidiol and CraftPlant. Its cannabis products are primarily cultivated and manufactured in the facilities in Edmonton, Alberta; Bradford Ontario; Pemberton, British Columbia, and Odense, Denmark. The Company is focused on offering its cannabis products to global medical cannabis market, recreational cannabis market and global hemp-derived cannabidiol (CBD) markets.


TSX:ACB - Post by User

Bullboard Posts
Comment by Costanoon Aug 02, 2018 10:24pm
118 Views
Post# 28408429

RE:Reversal bound to start soon

RE:Reversal bound to start soonI think you’re over simplyfing the oversold on dilution. Not that you’re wrong but that float hasn’t quite turned. The dilution question/concern should be addressed head on. Major acquisitions or not. It’s to be expected. Notice how close up to the fence they’ve parked the sharecount? Just a few million away from 1,000,000,000 shares. Because they realize crossing this threshold even by one or staying below it, also even by one has a major impact on investor psyche. Therefore a rollback on the scale of 5(to 10) to 1 shares shouldn’t be crossed off as hateful bashing because it is a real valid concern. Compared to aph/tgod/weed/hexo/ogi/cron...etc they have a multiple of 4 to 5 times the outstanding shares. This is real. Too large is this float. No?
Bullboard Posts