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Aurora Cannabis Inc T.ACB

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

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
Post by fortune420on Sep 14, 2018 5:55pm
363 Views
Post# 28624131

Like I said yesterday

Like I said yesterday ICC deal points to an imminent major catalyst.

The language in the ICC deal points to an imminent major catalyst. Read the wording very carefully and ask yourself why it is worded the way that it is.
Under the terms of the Transaction, each shareholder of ICC (ICC Shareholder) will receive $1.95 per ICC Share, payable in Aurora Shares valued at the volume-weighted average trading price of Aurora Shares on the TSX during the 20 trading day period ending the second to last trading day on the TSX immediately prior to the Effective Date (as defined in the Arrangement Agreement), being the date the Transaction is completed (the Aurora Share Price).
I read this as a 20 day period followed by 1 day that is excluded prior to the effective date. Even if I have interpreted the wording incorrectly, why is written like that? In my opinion, the objective here is to try and protect ICC from getting fewer shares due to an expected spike in ACB’s share price. They only get $1.95 per share in ACB share value during the 20 day period. If ACB was to double in price they would only get half as many shares. A huge ACB run would make the deal a horrible one for ICC shareholders. If part of the sales pitch to ICC included insider knowledge about future announcements or deals, it all makes perfect sense. If ACB ran up 50% in the near future the ICC shareholders would be at a $3 value for their share but ACB only paid $1.95 at the time of the agreement. This would also help squash a Superior Offer. So when is day one? What is so special about the LAST day prior to the Effective Date? I think ICC was asked if they would like to join us on a very pleasant drive. This 20 day period may have already started earlier then the Sept 10th news release meaning that big news is imminent. Or maybe it started Sept 10th which would end Oct 5th. This would make Monday October 8th the day of interest at the latest. Below I have posted a link to an Aurora Investor PDF file with Sept 10th in the file name (the same day as the news release). It includes ICC in it. Why would they do that if they didn’t have all of their ducks in a row? I think it says a lot. What do you think?
https://drive.google.com/file/d/15CBmpvQOp-l0_1nXgYuWeu9-_XUV65AU/view
 
ACB long and prosper. 
Bullboard Posts