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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 and cannabis-derivative products in Canada and internationally, and the propagation of vegetables and ornamental plants in North America. Its segments include Canadian Cannabis and Plant Propagation. The Company's adult-use brand portfolio includes Drift, San Rafael '71, Daily Special, Tasty's, Being and Greybeard. Its medical cannabis brands include MedReleaf, CanniMed, Aurora and Whistler Medical Marijuana Co, as well as international brands, Pedanios, Bidiol, IndiMed and CraftPlant. It also has a controlling interest in Bevo Farms Ltd., North America's supplier of propagated vegetables and ornamental plants in North America. Its subsidiaries include Aurora Cannabis Enterprises Inc., Aurora Deutschland GmbH, TerraFarma Inc., Whistler Medical Marijuana Corporation, and Indica Industries Pty Ltd., among others.


TSX:ACB - Post by User

Bullboard Posts
Post by stocktradinguruon Sep 17, 2020 12:05pm
201 Views
Post# 31574758

After the Gap up on April 30

After the Gap up on April 30To $26.83

ACB has been a fall knife
with lower highs and lower lows on the monthly time frame

The stock gaped up from $7.39 to $26.83 at the end of APril...

A perfect example of FOMO and irrational exuberance...

Earnings are next week. Rumour indicates that ACB will announce another write down of $1.8 billion...

WTF....

I fully expect ACB to tank to the initual price of the Gap up  last April, which is $7.38

Gaps are often filled...

Traders/retailers are being lulled to sleep---there is no way the expected loss is factored into the current share price...

I see a price of 7.38 or lower---based on my candlestick chart analysis on the monthly time frame...

ACB might not survive....Not a good stock to own...
Bullboard Posts