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Wednesday, January 19, 2022

Why Aurora Cannabis Inc (OTCMKTS:ACBFF) Will Continue to Ride the Bull

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As we have well-documented, Aurora Cannabis Inc (OTCMKTS:ACBFF) has been a continuing favorite around here as a frontrunning play into the big day next month in Canada. We would assume a standard sell-the-news reaction in just about everything and would look for second-level plays on the concept of oversupply in the space. But the party may still have several innings to go in this leg.

In addition, the company just announced that Micron Waste Technologies Inc. (MICWF), a leading developer of waste digesters for food and cannabis waste, today reported positive results from the optimization of the Cannavore cannabis waste processing units with Aurora Cannabis. According to the release, “The Company will now optimize the technology for sub-zero operations, as well as add computerized remote operating capabilities, following which Micron will commence to offer the units commercially.”

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, the company just released data showing positive results from the optimization of the Cannavore cannabis waste processing units from Micron. In all, recent action has seen 44% piled on for shareholders of the listing during the trailing month, but this action is running counter to the larger trend in the name.

Moreover, the company has benefitted from a jump in recent trading volume to the tune of nearly 470% over the long run average.

“We are very pleased with the outcome of the trial and are now moving into commercialization and will begin selling the units to the wider cannabis industry,” said Micron president Alfred Wong. “With the onset of adult usage in Canada and a rapidly growing international cannabis market, the number of operators in the sector has increased dramatically. Current waste disposal methods are expensive and inefficient. Our technology not only significantly improves the economics of cannabis waste disposal, but also streamlines compliance procedures, leading to a substantial reduction in time requirements to deal with waste handling. With our technology, customers will be at the forefront of innovation and environmental stewardship, showing leadership through commitment to clean air and water in Canada and around the world.”

In addition, one wonders if Micron may represent a very interesting opportunity ahead.

Earning a current market cap value of $8.88B, ACBFF has a significant war chest ($289.1M) of cash on the books, which stands against 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%. This may be a very interesting story and we will look forward to updating it again soon. 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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