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Tuesday, November 29, 2022

Why Aurora Cannabis Inc (OTCMKTS: ACBFF) Holds All the Cards

Aurora Cannabis Inc (OTCMKTS: ACBFF) was in the red early Monday as the Company prepares to up-list to the NYSE on Tuesday. CEO Terry Booth noted “Our NYSE listing represents another important milestone that reflects our commitment to all stakeholders as we continue advancing domestic and international growth initiatives, which includes expanding our base of global institutional and retail investors.”

The global legal cannabis market is booming! according to a recent report published by Forbes, Brightfield Group projects that the global cannabis market was worth $7.7 billion in the end of 2017, and is projected to reach $31.4 billion by 2021 with the US currently dominating the market. According to a new report from Deloitte the legal recreational cannabis industry could be worth $7 billion annually in Canada by next year.

Aurora Cannabis Inc (TSE:ACB) (OTCMKTS: ACBFF) is a Canadian licensed cannabis producer, headquartered in Edmonton that boasts the words largest funded capacity in excess of 570,000 kg per year and sales and operations in 14 countries across five continents.

Aurora is vertically integrated and horizontally diversified across every key segment of the value chain, from facility engineering and design to cannabis breeding and genetics research, cannabis and hemp production, derivatives, high value-add product development, home cultivation, wholesale and retail distribution. Aurora’s line of products includes whole-flower cannabis, milled cannabis, cannabis oils, and vaporizers.

Currently Aurora has three operational facilities in Canada (Aurora Sky, Aurora Vie, and Aurora Mountain) plus two new facilities projected to be operational by the end of 2018, including a 1,000,000 square foot facility under construction in Odense, Denmark. The Company’s facilities include a 55,200-square-foot production facility in Mountain View County completed in 2015. Aurora Vie is a 40,000-square-foot, fully licensed, indoor production facility in Pointe-Claire, Quebec. It was the second licensed producer in Quebec, and was acquired in 2017 for $7 million. The Company is also currently constructing an automated 800,000-square-foot plant in Alberta that it said would be capable of producing 100,000 kilograms of cannabis annually. The land is part of the acreage owned by the Edmonton International Airport.

Aurora Cannabis was founded by Terry Booth, Steve Dobler, Dale Lesak and Chris Mayerson in 2013. Using much of their own money the group initially secured a 160+ acre parcel of land in Mountain View County, Alberta. The company received its license to grow cannabis as well as its licence to sell medical cannabis both in 2014.

Aurora also holds stakes in a leading extraction technology company, Radient Technologies Inc., based in Edmonton, and is in the process of completing an investment in Edmonton-based Hempco Food and Fiber Inc. Aurora is the cornerstone investor in Cann Group Limited, the first Australian company licensed to conduct research on and cultivate medical cannabis. Aurora also owns Pedanios, a leading wholesale importer, exporter, and distributor of medical cannabis in the European Union based in Germany.

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Aurora’s growth has been fueled by acquisitions and currently the Company’s subsidiaries include Pedanios Gmbh, Germany’s largest distributor of cannabis to pharmacies, CanvasRx, the largest medical cannabis patient outreach service in Canada, BC Northern Lights, an indoor growing supplies manufacturer, Aurora-Larssen Projects, a globally leading greenhouse engineering and design consultancy, and H2 Biopharma, a late-stage ACMPR applicant in Quebec.

On Friday Aurora said its common shares have been approved for listing on the New York Stock Exchange and will commence trading effective the open of markets, October 23, 2018.  Aurora’s shares will trade on the NYSE under ticker symbol “ACB”, the same symbol the Company’s common shares currently, and will continue to, trade under on the Toronto Stock Exchange (TSX). Existing shares of Aurora, which previously traded on the OTCQX under the ticker symbol “ACBFF”, will now trade on the NYSE.

Also on October 18 Aurora announced today it has filed an early warning report in respect to its holdings in The Green Organic Dutchman Holdings Ltd. The transactions outlined below were effected through the facilities of the Toronto Stock Exchange. During the period October 10 to October 16, 2018, Aurora disposed ownership of an aggregate of 5,783,200 Shares for an aggregate disposition price of $32,867,131 at a price of $5.68 per share, representing 2.2% of the issued and outstanding Shares of TGOD. Immediately prior to the transaction, Aurora held approximately 16.9% of TGOD’s issued and outstanding Shares on a fully diluted basis. Following this transaction, Aurora held 33,891,384 Shares representing approximately 13.2% of TGOD’s issued and outstanding Shares. The Shares along with Aurora’s 19,837,292 warrants represent approximately 15.3% of TGOD’s issued and outstanding shares on a fully diluted basis.

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Currently trading at a $9.5 billion market valuation Aurora has $89 million in the treasury and massive revenues reporting $55.2 million in revenues for the year ended June 30, 2018 up from $18 million last year. Led by Terry Booth, the youngest master electrician on record in Alberta (at 22) Aurora, which is about to up-list to the NYSE is one of the world’s largest and leading cannabis companies with funded capacity in excess of 570,000 kg per year at its nine grow operations in Canada and Denmark. We will be updating on Aurora when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with Aurora.

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Disclosure: we hold no position in Aurora either long or short and we have not been compensated for this report.

Ali Raza
A journalist, with experience in web journalism and marketing. Ali holds a master degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications.

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