ACB

ToDaMoonShibe

just saw the ACB ''news'' lol . my ''investment'' in ACB of 3000 us is now 139 $ .

Many_Easy

Good info can be found from Reddit like the ACB dilution influencing price of other LP’s. I own ACB as well for last few years, but not as optimistic with them as I am with TLRY. Other reason for TLRY drop yesterday than ACB dilution news? I saw someone mention a Jefferies price target decrease but could not verify, so that may be just a rumor or misinformation. ***Please share if you have any info regarding price action yesterday.***

skyplt29

A good morning to all...especially the stalwarts like banana, noob, onpar, and cresco depressco. There are others, but I am still on my first coffee. I found yesterday quite frustrating. Speaking for myself, I know there really is not going to be any upward movement in any stock prices in this sector until a tangible announcement regarding rescheduling is announced. Hopefully there will also be positive news out of Germany. I am going to try and get on with other things today; hopefully doing my check in on CNBC, BBC News, CNN, FOX, Reddit, and my portfolio a little less often. I am semi-retired so have the time, but it should be spent on better things. BTW, there are really good insights to be had on this Reddit site. Thank you. For example, yesterday I was trying to figure out what weedstocks contagion was hitting us this time. Though I was peripherally aware of ACB' raise announcement on Friday, I did not make the connection it was the most likely reason for yesterday's decline. Funny how we are at the point where there are potentially some wonderful announcements on the horizon, yet one poorly managed company's raise rips through the sector (sorry ACB shareholders, I did own this stock once but sold when they announced the closure of their greenhouse facilities and flagship store in Edmonton). Banana brought up a good point that net acquisition/redemption suggested accumulation and I believe noob suggested MSOS actually acquired shares. Who knows at this point. I am looking forward to the day we get mic dropping news and I see onpar and assneck post happy thoughts. I enjoy your sarcasm assneck, I just hope we can find something funny to say when we get on the winning side of this trade.

JohnnySquesh

I think you're right. The raise is typical for ACB but it does get one thinking of other candidates.

noobstockinvestor

We've been saying sentiment can't get lower but we trade in lockstep with good and bad news. An ACB dilution wrecked us 5-7% today. Can't imagine what a bankruptcy would do.

noobstockinvestor

I don't think bankruptcy of that magnitude is good for the space. Imagine all the negative headlines if CGC, hexo and ACB go bankrupt. It'll decimate whatever value we have left of this space and new investors won't look twice. We severely miscalculated the lows of the space. I new it would get bad, but not this bad. SVB collapse is like the final nail in the coffin, it might have cost us a near term SAFE being introduced as Daines mentioned Friday.

Infinite-hold

Agreed. Close up shop, let the survivors take the market share so they can be profitable. This lingering so execs can keep padding their pockets is hurting the industry. Shareholders aren’t making a dime. Hexo, CGC, and ACB all need to go under IMO.

Ok_Reputation8227

At this point, companies like ACB need to delist or go bankrupt. Just delaying the inevitable and causing carnage indirectly for the rest of the sector. CGC is getting close. You can imagine what happens if CGC were to raise at these levels. Would bring MSOs down as well.

skyplt29

Thank you. I had not made the connection to ACB. This makes sense as ACP was leading the way down. Thanks for at least giving me something, rather than the usual WTF?

Ok_Reputation8227

Honestly I think it was that ACB raise on Friday (well timed Friday dump of bad news). Algos feast on that and tank ACB shares which leads to CGC, TRLY and the other LPs. And then MSOs get hit. That is my best theory. Also Bloomberg article about the regional banking crisis and impact on MSOs who use those (not that big a deal to me).

ColdRavenClaw

ACB is a garbage stock lol

skyplt29

By now one would think we would be used to a 6 to 10 percent drop on LPs for no reason...but this really has become quite frustrating. Usually there is a reason when a sector moves like that, but nothing I can find. TLRY, CGC, VFF, HEXO, and ACB are pretty much in lockstep...

Signal-Lie-6785

I envy your ACB. My BABA holdings have been in the red for a long time.

stur0063

ACB - made big money one year - few years later - turned 5k into $31. CLNE: A guy at work had hot tip. Not so hot. RBLX - followed Nancy Pelosi here - figured she knew what she was doing.

VisualMod

>Don't listen to that idiot. ACB is a terrible investment and anyone who buys it is an idiot.

VisualMod

**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|1|**First Seen In WSB**|4 months ago **Total Comments**|102|**Previous Best DD**| **Account Age**|4 months|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.) Hey /u/ColdRavenClaw, **positions or ban.** Reply to this with a screenshot of your entry/exit. >TL;DR: ACB is a stinky stock that might just take off like a rocket! 🚀

Evangelist_567

$ACB shorts easy coin day-to-day

Cultural-Twist-5250

Has there been an ACB pump before?

wild_b_cat

No pitfalls - but also no point. There's usually no good reason to use ACB unless tracking the tax lots is difficult for some reason.

theduderino38

Looking at my ACB average of $11 fucking shit lol 😂 😬

UFO-crackpot

as a weird aside that kind of sums up the state of things over at ACB, I wrote them a one-line email to see if they had any wearable merch available for purchase and they responded a few days later with a link on how to purchase medical cannabis.

Evangelist_567

Told ya, everyday easy coin on $ACB shorts 🩳🤓

Evangelist_567

Yaya $ACB again. Day on day easy coin 🩳

theduderino38

Aurora Cannabis CEO says “We’re not dead yet, I think I’ll go for a walk” From TD app news- Last month Canadian marijuana giant, Aurora Cannabis Inc. (NASDAQ: ACB), released its financial results for the fiscal second quarter that ended December 31. Like many others in the space, Aurora is not yet fully profitable. However, it has a modest positive adjusted EBITDA of CA$1.4 million ($1.04 million), in line with prior guidance, so it's taking all the right steps toward achieving profitability. Aurora is also projected to remain EBITDA positive going forward while working on reaching positive operating cash flow. Dropping The Ego â?? Focusing On Medical There's no doubt that these are challenging times for the industry, marked by layoffs and decreasing prices. How then is this cannabis company dealing with the crisis? What's its secret? It appears to be its bet on medical cannabis, writes MJBiz Daily. When many other weed businesses were pushing for recreational, the Edmonton, Alberta-based producer kept its main focus on medical marijuana (MMJ). 'I knew that medical made money. And I know rec was a maybe, coulda, woulda, shoulda, but I knew we were hemorrhaging cash on rec, and we didn't see it getting better,' Aurora CEO Miguel Martin told MJBiz. Martin became Aurora's CEO in 2020 when the company was reporting a net loss of CA$3.3 billion for its fiscal 2020. The only positive light at the end of the tunnel was the company's 'transformation' plan that was undertaken by then-interim CEO Michael Singer. 'But going through that in 2020, as opposed to going through that in 2022 â?? whether it's the capital markets, whether it's the Canadian rec market â?? I'm just so glad we got it taken care of earlier because right now it'd be a real challenge,' Martin said. One of Aurora's biggest problems at the time was that it was growing way more cannabis than it was able to sell. In early 2020 before Martin became CEO, the company had an annual cultivation capacity of 150,000 kilograms of which it was only able to sell one-third. 'I think we all dropped our ego about rec, and that it was going to be OK to be ninth or 10th' in terms of market share, 'which would be a 2.7 or a 2.8 (percentage of market) share,' said Martin, a featured speaker at this April's Benzinga Cannabis Capital Conference in Miami. Under Martin's leadership, Aurora sold several of its 11 growing sites, halving its production in fiscal 2022 to 73,371 kilograms. 'Medical cannabis is the absolute lion's share of profitability right now,' Martin said. Indeed, Aurora holds the number one position in terms of medical market share in Canada, serving around 60,000 active MMJ patients. Ready For A Global Legalization Wave In addition to the company's focus on the medical cannabis space, other pillars of its effective strategy include getting ready for a 'global legalization wave,' and differentiating itself from others. In its recent analyst note, Cantor Fitzgerald's Pablo Zuanic confirms that Aurora was among the first to resize its adult-use operations in Canada, which helped it build a stronger position within the global cannabis market. He acknowledged Aurora's preparation for its adult-use sales launch in Germany, which is expected in spring 2025. 'Because Aurora is one of only three domestic licensed producers, the company expects to play an active role in the German recreational market once sales begin," Zuanic said. Martin has said that countries like Australia, Czech Republic, Germany, Israel, Poland and Malta hold the potential for developing marijuana programs and have a 'thoughtful science-based regulatory process.' 'That may take longer, but it didn't seem to be two steps forward, three steps back,' he told MJBiz Daily. 'Cannabis is not dead. The global opportunity is not slowing. I'm of the strong belief that there'll be a good amount of Canadian companies that are the winners. I think cannabis is alive and well, albeit maybe it's taking longer.'

Evangelist_567

Wearing $ACB shorts 🩳 again today. Each day easy day trading coin 🤓

Evangelist_567

Told ya, shorts on Aurora Cannabis $ACB is free coin

Evangelist_567

Telling you shorts 🩳 on $ACB day by day free coin

Evangelist_567

$ACB shorts 🩳 for the win 🤓

VisualMod

>The top cannabis stocks to invest in right now are Canopy Growth Corporation (CGC) and Aurora Cannabis Inc. (ACB). Both of these companies are leading the way in terms of innovation, production, and sales within the industry. Canopy Growth is especially worth watching as they have partnered with Constellation Brands – a major player in the alcoholic beverage industry – which could signal big things to come for the company.

nokiatoth3moon

I'm appalled. I should be much higher on the list. No consideration for my additional 10k loss on ACB or my 5.4k loss on SPY 1dte. I should be much closer to 34k loss 

Evangelist_567

Dumping all $TSLA for $ACB 🩳

Evangelist_567

$ACB bitcchesss

Evangelist_567

Gogogo down you go $ACB. Make me some funds 😆

Evangelist_567

$ACB

Evangelist_567

$ACB go down mate not up 🧐

Evangelist_567

$ACB

Evangelist_567

10K short on $ACB. Each day short is a day of green numbers 😆 Image from 15 a piece to penny stocks a piece 😎

Evangelist_567

$ACB easy money telling ya

Evangelist_567

Wearing Aurora Cannabis shorts 🩳 big time. They didn't let me up so far 😎 $ACB

Evangelist_567

How low can we go Aurora Cannabis $ACB. Shorts favorite 😎

Evangelist_567

Poáh does medical weed has the future anyway? Feature down I guess🧐 $ACB

Evangelist_567

Lol just bumped into anstock called Aurora Cannabis $ACB. Wtf happened there. That is what you can say I big big capital destruction 😆

ListerineInMyPeehole

I still have a friend who holds ACB at $100 cost basis

Steaminmcbeanymuffin

Well boys, just got off the phone with ACB; if you have student loans you gotta pay em

theduderino38

Sundial, Cronos, ACB, planet 13, cresco, GTI , OGI, Tilray are my biggest holdings, and all the major ETFs, MJ, MSOS, THCX, Yolo, Down overall about $100k and I might add on more ascend, cresco, trulive, possibly others.

Resi86

ACB may have exposure, but they are never the right play

Paulhardcastles

Tilray, ACB and curaleaf are the right plays here

eznahman

Not only that, the marijuana hype is over. Marijuana is extremely cheap and its hard to make a profit on it. The only largely profitable businesses going forward will be a "luxury" marijuana brand. Buying $ACB is like buying a farming stock.

eastsideempire

I find the mere mentioning of ACB triggering!

eznahman

The fact that they included $ACB nullifies this whole article. They are clueless.

Tardman08

ACB 👀

FlacidBarnacle

You could start where I started with weed stocks lol that’s how I learned. I spent 3 months - this was before the boom - researching each company. Domestic and abroad. Made some bad choices but ended up tilray and ACB . I put 500 a month into it . Every pay day - I didn’t eat I didn’t leave the house - I was actually living on a couch - and got lucky with the boom. Made a couple hundred thousand. both are at really good spots right now btw I have my left eye on tilray all day every day. Huge catalyst with fed legalizing (although it’s been rough and there’s a lot of shit with the market and how long it’s taking) I would start there. Inching in with every dip.

TaintlessChaps

I got in on Aurora (ACB) at it's peak in 2017, so the -99% is hard to compete with. I'm a passive investor that takes a few individual stock plays a year and I should probably stick to passive investing.

skyplt29

I recall driving to Smiths Falls in July 2018 to check out the company before buying a lot of shares. Things were booming with huge greenhouses, offices, and the well appointed Tweed Store. Even downtown was undergoing a facelift with new restaurants and retail stores opening up. Canopy is not without blame; but the Canadian government has overtaxed and over regulated while doing little to stop the black market. ACB is on life support as is Hexo. I am now out of every LP except Tilray. I will continue to hold TLRY as I do believe they will survive thanks to some strategic forays into other CPGs. I have never really bought into the us/them LP/MSO schtick, but the financials are telling the story regarding who has the best chance of survival. Top to bottom this has been a failure on all fronts. I am throwing most of my weedstock designated money (so little left!) into Tier 1 MSOs; although at this point it feels like buying lottery tickets.

vkm00b

ACB was the pre-GME craze weed stock. There’s no recovery for you lol

nokiatoth3moon

So how does one get flair? I've lost 160k from my ATH. Currently hold -97% PYPL leaps, -95% on ACB, and -82% on LIDR. That's gotta count for something.

PresentSky1080

SOBER only 2 or 3 mil volume has sent this over 2$ and MARK is AI play it seems to have support around 1.70 to 1.80. KAL last week had like 5 Mill vol and it halted pretty much the whole day very small float already did r/s they wouldn't let it go past 13$ I'm long on KAL fyi. ACB released earnings ah and they looked good weed play. Long term I'm looking at quantum computer stocks. GFAI has been moving over played it several times seems to have support around 36 cents same with muln support around 35 cents. Apron could still pop it get any good news or earnings I think but if it sinks back to 1$ gonna be tough to get out of that has resistance at 1.45 they don't want apron going over 1.50. There's so many plays out there just gotta watch certain companies look for good entry and have an exit strategy.

cannasseurs

If they get to net profit by EOY, which I doubt, although with CGC downsizing, there will be market share to take, depending on share price ACB might be attractive if it posts a net profit. They do have a decent international business, albeit small, it could grow.

cannasseurs

ACB Fins highlights CASH: $323M DEBT: ($193M) NET: CASH ($130M) Quarterly burn rate ($67M) If they paid of all debt, they'd have about 2 quarters worth of cash at current burn rate, if they didn't, maybe around 5 quarters of runway, unless they get cash burn rate down. Most likely another ATM incoming by EOY or definitely by Q3 2024 unless they get to net profit.

cannasseurs

ACB Fins highlights CASH: $323M DEBT: ($193M) NET: CASH ($130M) Quarterly burn rate ($67M) If they paid of all debt, they'd have about 2 quarters worth of cash at current burn rate, if they didn't, maybe around 5 quarters of runway, unless they get cash burn rate down. Most likely another ATM incoming by EOY or definitely by Q3 2024 unless they get to net profit.

cannasseurs

Never thought I'd say this but, ACB looking like a buy

Heatbeat

Waiting for ACB earnings so I can laugh at pot stock baggies even more

ColdRavenClaw

None. Might buy some ACB once it bottoms a bit. Been eyeballing HIMS for a while too.

Wooden_Lobster_8247

To be fair this was me in 2018 with ACB and TLRY. I averaged down hard in 2020 and was able to escape both with a small gain. Pot stocks will pump again eventually. Wait for RS then go full regard.

Significant-Court-68

I am 98% loss on ACB, what a bummer, (14k) they are losing money because , of high production , high supply, and no sales.

skrellex

Really, ACB was your choice?

nhh

As a fellow ACB holder, I would say that now is the time to buy more... its at 99% discount!

drfakz

Posting ACB in this forum is basically cheating.

Defiant-Ad-7933

How about buying SPY long term rather than dumping cash into a dumpster fire like ACB

LessThanJake_Plummer

I got got with ACB too. Maybe they’ll do an AMC-type jaunt with it lol

michael_faraway

you bought ACB at 20 and held. That's full-on regard

neutralpoliticsbot

I never understood why people invested in a canadian company with the thesis that USA will have legalization. This doesn't affect ACB at all

chillwellcfc1900

Good ol ACB, remember the days when this had crazy volume

outcastofnj

People still buy ACB?

Crazy_Canuck78

ACB.... oh to know what I know now and to go back to 2015.

lrrc49

glad I sold out of ACB at 13 a share. Just an FYI: publicly traded cannabis companies only exist to make the C-suite rich and create bag holders. Avoid at all costs they will never be profitable.

kennedy311

What in the world happened to ACB? I wrote about them in my MBA program...at the time (2018) they were killing it.

PapaCharlie9

Just another reason not to trust Robinhood for actionable charts. I had to guess at your expiration, but here's what a real platform shows for price history of ACB $1.50c. A candlestick chart gives you more information than RH's dumbed down mountains-and-valleys chart. https://imgur.com/a/KZRQt5x I looked at the other expirations as well. The monthlies look similar to the screenshot above, with just one candlestick showing a low of $.01. The weeklies, on the other hand, which have volume in the single digits, had most sticks touching $.01. Neither match the exact dates in your image, though. I couldn't find a single chart that had .01 lows on the dates you highlighted. That may be due to the interval of the candles, which as you can see from my screenshot, you can select. You can't on RH, AFAIK.

skyplt29

It really did seem all of a sudden and steep, especially since CGC and ACB stayed up a couple of percent. Looked specific to Tilray, but no news.

slc97

My dude, cannabis did go up around the time, the entire market then tanked, and cannabis is a very clear growth sector in the next decade. That being said, I'm an adult and can admit when I'm wrong. I've switched from ACB to VFF. This is not the own you thought it was.

Bangarangboo

Tilray is probably the safest one. VFF is a dark horse to be wildly successful and it’s extremely cheap right now due to recent dilution. ACB, Sundial, and Hexo are all sus to me.

69_mustang50

ACB

DRockWildOne

….if you bought in when it was dirt cheap than you should still be up. My biggest bag was not dirt cheap but at $50 pre split ($12.50 now) so better then most but dirt cheap would be pre 2021 squeeze. DCA ever since. Better investment I ever made. Worst = ACB

justask672

What should I do with my ACB stocks?

VoteQuimby2020

they’re pricing is at the top end esp with blk mkt. their presentation of bud/packaging is well received. tenzo line is more affordable. blk mkt certainly for the people that want the finer things. just glad they aren’t losing boat loads of cash like some other LPs. i think their slower start up will pay huge dividends down the line. ACB WEED went full scale from the get go. excited what the 3PL will yield. check out theocs subreddit if you haven’t already.