The Impressive Moves of AURORA CANNABIS IN COM NPV(OTCMKTS:ACBFF)

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AURORA CANNABIS IN COM NPV(OTCMKTS:ACBFF) has seen an epic rise in recent months starting at the $2 mark back in November of last year the stock has exploded to recent highs of $12.30 per share. ACBFF was trading well below the $0.25 mark back in 2015 and has transformed since then into a volume leader and major mover.

ACBFF is becoming a major player in the booming Marijuana industry that has quickly turned into a multi-billion dollar massive growth market that is sweeping across North America. In the US legal Marijuana sales grew by an unprecedented 30% in 2016 to $6.7 billion as the legal market expands in the U.S. and Canada, according to a new report by Arcview Market Research. North American sales are projected to top $20.2 billion by 2021 assuming a compound annual growth rate of 25%. The report includes Canada for the first time as it moves towards implementing legal adult use marijuana.

AURORA CANNABIS IN COM NPV(OTCMKTS:ACBFF) wholly-owned subsidiary, Aurora Cannabis Enterprises Inc., is a licensed producer of medical marijuana pursuant to the Marihuana for Medical Purposes Regulations and operates a 55,200 square foot, expandable, state-of-the-art production facility in Mountain View County, Alberta, Canada. Aurora trades on the Canadian Securities Exchange under the symbol “ACB”.

Aurora’s business strategy is to continue and accelerate its penetration of the Canadian cannabis market, achieve its Health Canada sales license for derivative products (cannabis oils) and launch derivatives sales, transition to profitability in the short-term, and begin a major expansion of production capacity. When the federal government passes legislation legalizing the consumer use of cannabis, the Company anticipates participating in the non-medical consumer market, and will envision further production capacity expansion to meet future market demand for cannabis products.

Earlier this year ACBFF announced progress on their memorandum of understanding (“MOU”) with Radient Technologies (“Radient”) (TSXV: RTI) pursuant to which Radient and Aurora are working to confirm the effectiveness of Radient’s MAPTM technology for cannabis extraction. Initial results from the first phase of the study are encouraging. As a result, the parties have agreed to move to the second phase of the project, which includes preliminary scale-up activities. The second phase of work under the study has commenced and is expected to take approximately eight weeks.

ACBFF CEO Terry Booth said “We are pleased with progress to date in assessing the feasibility of this potentially ground breaking extraction technology. The potential to substantially increase our extracts production capacity while maintaining terpene profiles would further differentiate our Company, and we are excited to be exploring this opportunity further in the coming weeks.”

Aurora completed its investment in the Radient convertible debenture which will have a principal amount of $2 million, a term of 2 years, bear interest at 10% per annum, and will be convertible into units of Radient at a conversion price of $0.14 per Unit. Each Unit will be comprised of one common share of Radient and one share warrant, exercisable within 24 months, for one common share of Radient at an exercise price of $0.33 per warrant. The Debenture will be repayable on demand from Aurora at any point within five months from the date of issuance.

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In June ACBFF announced Aurora will be making a strategic investment in Hempco for an ownership stake of up to 19.9% on a fully diluted basis, subject to Regulatory and Board approvals, as well as satisfactory completion of due diligence.  Additionally, subject to customary conditions, Aurora will obtain an option to acquire shares from the majority owners of Hempco that, upon exercise of the option, will bring Aurora’s total ownership interest in Hempco to 50.1% on a fully diluted basis.

Hempco is one of the world’s largest industrial producers of hemp and hemp products, and currently offers three primary product lines: (1) bulk and packaged food products (e.g. hemp protein powder, hemp seeds or hearts, hemp oil etc.); (2) hemp fibre; and (3) nutraceuticals. Hempco’s line of packaged foods are sold under the brand “Planet Hemp” and are distributed globally in seven countries.

On February 8 ACBFF announced Q2 Fiscal 2018 Results

Revenues

Revenues for the second quarter of fiscal 2018 were $11.7 million , up 201% from the same quarter in the prior year and up 41.8% sequentially from the previous quarter. Revenue growth was attributable mainly to higher patient numbers, combined with a higher average sales price for dried cannabis in Canada , exports to Germany where the Company recorded 101% sequential growth, and the consolidation of BC Northern Lights, Urban Cultivator and Hempco Food and Fiber. The average price of product sold increased by 40.3% over Q2 2017 from $5.96 to $8.36 per gram, attributable mainly to increases in cannabis oils sold and sales through Pedanios in Germany .

Total product sold for the period was 1,161,809 grams of dried cannabis and cannabis oils, up 115.9% as compared to 538,045 grams of dried cannabis in the second quarter of 2017, and up 30.5% from 889,965 grams in Q1 2018.

Fueling Growth – Financings

Strengthened the balance sheet and liquidity position during the second quarter of 2018 with $316.8 million in new financings via two private placements, as well as the exercise of warrants, options and compensation options, as well as the conversion of convertible notes into common shares.

On January 11, 2018 , the Company entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. (“Canaccord”) pursuant to which Canaccord has agreed to purchase, on a bought deal basis, 200,000 convertible debentures at $1,000 per initial convertible debenture for gross proceeds of $200 million . The debentures are convertible into common shares of Aurora at a price of $13.05 per common share. The Company anticipates the placement to close within the coming weeks. As of February 7, 2018 , approximately $115 million in additional gross cash proceeds remain available from the future exercise of warrants and stock options.

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Currently trading at a $3.2 billion market valuation ACBFF has been putting out some really impressive numbers reporting $111 million in the treasury and$5,175,304 in sales for the 3 months ended March 31, 2017 up from just $219,230 for the same period last year. ACBFF is also reporting a whopping $111,116,196 in cash in the treasury which really sets this company apart from its peers. Aurora Cannabis is quickly turning into a major playing in the legal Marijuana space; the Company operates a 55,200 square foot, state-of-the-art production facility in Mountain View County, Alberta, and is currently constructing a second 800,000 square foot production facility, known as “Aurora Sky”, at the Edmonton International Airport, and has acquired, and is undertaking completion of, a third 40,000 square foot production facility in Pointe-Claire, Quebec, on Montreal’s West Island. The Company is led by Terry Booth, the youngest master electrician on record in Alberta (at 22) with a number of huger new projects underway at Aurora We will be updating on ACBFF when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with ACBFF.

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

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