RE:Aurora and Choom! You should read this everyone! You make a compelling argument, but just because other LPs have made a move into canadian retail doesnt mean Aurora will too - they have shown quite routinely their playbook is different than others, although this is regarding giving up ownership for cash from a large partner. Australis' CEO has stated that he believes one of the best valued plays in the sector is creating a national brand, and the beat way to do that is to differentiate from the sea of "funky names" and "high THC" brands out there. Most of these, in his opinion, wont succeed national (but may have regional success). He believes a brand with a story behind it, an Orgainic brand, has the best chance if national sucess. It may simply be that Aurora feels Whistler's orgainic BC bud may have the best marketable brand, so they wanted to divest TGOD while they can have a decent ROI.
Choomster wrote: On October 25 2018 Aurora sells 5 million shares of TGOD for 20 million and then on Nov 5 2018 Aurora gives Choom 20 million dollars for a stake in Choom. Last week Friday Tilray buys a marijuana retail company for $110 million in an all stock transaction. Fast foward to today. Aurora makes an announcement that they sold 86 million dollars worth of TGOD stock.. Just a couple weeks ago I posted that Chris Bogart(Choom's CEO) bought 170,000 shares in 7 days. I told everyone to stop selling shares. Well he's at it again. 8/20 10,000 shares 8/21 54,000 shares 8/22 9,500 shares 8/22 26,000 shares 8/27 25,000 shares 8/27 20,000 shares 8/28 40,000 shares Nine days 184,500 more shares plus 170,000 shares several weeks ago. That's over 350,000 shares bought in less than 30 days. He's spent about $150,000 on his company at its 52 week low.