RE:Multiple Bid BuyoutThe bank's renegotiated their deal to secure a better position in the debtor lineup.
Multiple bids or interested parties ......riiiiiight????.......you should see a doctor.
Constellation Brands..........Canopy
Marrha Stewart....................Canopy
Snoop Dogg..........................Canopy
Seth Rogan............................Canopy
I won't list all the celebrity deals and psrtnerdhips for Canopy as that would take too long.
Altria........Cronos
Molsons...........Hexo
Anheuser-Busch InBev........Tilray
UFC..............Aurora......no, wait that was csncelled and ACB has to pay the UFC 30 million to terminate the deal.
ACB is a joke and every single company above passed on this POS company after getting access to ACB's books.
Of course, you're probably right oh, there are probably multiple bidders fighting for the opportunity to partner with or buy Aurora cannabis. I mean, who wouldn't want to buy a company that Lost over three billion dollars in their last fiscal year while only generating a couple of hundred million dollars in Revenue. They would have to be crazy to pass up an opportunity like that.
For sure Coke would love to have a 3 billion dollar anchor to weigh down their financials..........I personally can't figure out why Coke hasn't pulled the trigger already. I mean, whats a 3 billion dollar loss in the overall scheme of things. Coke better be careful or Pepsi will swoop in and steal ACB and their 3 billion dollar loss from right under their noses.
please keep posting because we need more common sense posters like you.
RichyRich$ wrote: Homestretch mentioned we would not get much in a distressed sale. There's no need for a sale. They're pushing for higher quality product for higher margins and the cost to grow the same. EBITDA is expected to be positive in 2021 with that strategy and the new store openings keep growing in Canad, plus overseas sales expanding, and US to legalize Federally soon. All positive signs of future growth. No distress sale worries at all. That's the reason the banks renegotiated the debt. A buyout would be in the sellers strength as this is a growing industry. Just think how many people will eventually get sick of buying from a thug on the streets and buy at a store. Many of those will start buying at a store when so many start popping up and it's in your face at every block. EBITDA already trending improving from last quarter. Its not a distressed situation. And they're effectively cutting costs. If there are buyout bids, I wouldn't be surprised if theres multiple bids or parties interested. Maybe the rumored Aphria and Aurora merger didn't happen because Aurora rejected it because better bids in the works! Ponder that thought. I guarantee you the Tobacco companies want a piece of this industry. Its only a matter of time we wake up with news!