Aurora is a sinking shipAnyone pumping this is either an idiot or crooked as Booth and Battley.
Peltz was never gonna help this company. he works for Mondelez. Is a large share holder in Mondelez. Owns ZERO shares of ACB. His minions have zero skin in this game.
Singer stating that shareholders would approve of this disaster is rich. He isn't a share holder. He sold out before xmas when he knew this was happening. All bs stories explaining insider selling have been total lies. From Battley and his fire to this junk.
Peltz and crew are happy to sit back and watch this go as low as it can. That was their plan from the get go.
The fact they are almost bragging about further dilution after this is about as ignorant as it gets.
They started out selling for $8/g. Now they are over $10 to their medical clients. The people that bothered to get their medical cards aren't going to pay more than their previous suppliers. Aurora again boast about a "premium" for medical cannabis. Black market wins.
Ontario is 500 stores behind. Their online sales are minimal when compared to what the market for mj in Ontario really is. The fact they "sellout" is only an indication that they don't provide the market with proper supply.
The reason he had to shut down store fronts is because there are so few it created lineups. In our new fear based world thats a gathering. AB never had this problem because we have hundreds of store fronts. Pretty simple.
The black market has never had a better business partner than Douglas Ford. His failure (intetnional) on this topic keeps the bm alive in Ontario. Aurora management knew all of this over a year ago. Peltz knew all of this as well. Hence the zero down.
The idea that our governments are taxing anything medical is a pretty clear indication they don't take medical seriously.
This entire industry should have been gift wrapped for legal lps. LPs know what the prices should be in order to even remotely attempt to take a portion of the bm.
This RS will destroy all holders. The dilution after will bury who ever is left over.
This has been a scam from the get go.