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Friday, November 27, 2020

Why the Action in Aurora Cannabis Inc (OTCMKTS:ACBFF) has Continued to Heat Up

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With the cannabis craze hitting another gear, Aurora Cannabis Inc (OTCMKTS:ACBFF) continues to be on our radar as the most sophisticated strategic player in the space. We called the key low back in August and suggested a new major trend leg might be getting underway. There are still a ton of coming options for this company in terms of how it wants to position its relationships with more established industrial partnerships.

To further develop this narrative, the company just announced that it has completed its previously announced distribution of Australis shares and warrants. According to the release, “The distribution was completed on September 19, 2018,  and the Australis shares and warrants will commence trading on the CSE under the symbol “AUSA” effective at the market open today.”

Aurora Cannabis Inc (OTCMKTS:ACBFF), through Aurora Cannabis Enterprises Inc, trumpets itself as “one of the world’s largest and leading cannabis companies” and a licensed producer of medical cannabis pursuant to Health Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR).

The Company operates a 55,200 square foot, state-of-the-art production facility in Mountain View County, Alberta, known as Aurora Mountain, 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.

In addition to the Company’s rapid organic growth and strong execution on strategic M&A, which to date includes 15 companies – MedReleaf, CanvasRX, Peloton Pharmaceutical,  Aurora Deutschland (formerly Pedanios), H2 Biopharma, Urban Cultivator, BC Northern Lights, Larssen Greenhouses, CanniMed Therapeutics, Anandia Labs, HotHouse Consulting, Agropro, Borela, and the pending acquisition of ICC Labs – Aurora is distinguished by its reputation as a partner of choice and employer of choice in the global cannabis sector.

The company has invested in and established strategic partnerships with a range of leading innovators, including: The Green Organic Dutchman Holdings Ltd. (TSX: TGOD), Radient Technologies Inc. (TSXV: RTI), Hempco Food and Fiber Inc. (TSXV: HEMP), Cann Group Ltd. (ASX: CAN), Micron Waste Technologies Inc. (CSE: MWM), Choom Holdings Inc. (CSE: CHOO), Namaste Technologies Inc. (TSXV: N), Evio Beauty Group (private), Wagner Dimas (private), CTT Pharmaceuticals (OTCC: CTTH), and Alcanna Inc. (TSX: CLIQ).

Aurora’s common shares trade on TSX under the symbol “ACB”.and on the OTCQX under the symbol “ACBFF”

According to company materials, “Headquartered in Edmonton, Alberta, Canada with funded capacity in excess of 500,000 kg per year and sales and operations in 18 countries across five continents, Aurora is one of the world’s largest and leading cannabis companies. 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.”

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As noted above, ACBFF just announced that it has completed its previously announced distribution of Australis shares and warrants. In all, traders will note 52% during the past month in terms of shareholder gains in the company, but this action is running counter to the larger trend in the name. Moreover, the company has seen a growing influx of trading interest, with the stock’s recent average trading volume running a bit over 370% above its longer-run average levels.

“With the completion of this distribution we have delivered an immediate return of capital to Aurora shareholders while enabling the Australis team to proceed with their mandate to invest in U.S. cannabis assets with high growth potential,” said Terry Booth, CEO of Aurora. “Australis’ management, board of directors and investment committee are well positioned to leverage their collective knowledge and extensive experiences to rapidly execute on the tremendous opportunity ahead to generate substantial long-term shareholder value.”

At this time, carrying a capital value in the market of $9.14B, ACBFF has a significant war chest ($289.1M) of cash on the books, which is balanced by about $56.1M in total current liabilities. ACBFF is pulling in trailing 12-month revenues of $42M. In addition, the company is seeing major top-line growth, with y/y quarterly revenues growing at 211.1%. We will update the story again soon as developments transpire. Sign-up for continuing coverage on shares of $ACBFF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

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

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