Aurora Cannabis Inc (NYSE:ACB) just acquired ICC Labs, or so appears to be the case. As a point in fact, the company recently announced, along with ICC Labs Inc. (ICC.V), that the Supreme Court of British Columbia has issued a final order approving the plan of arrangement between ICC and Aurora Cannabis Inc. According to the release, “Subject to the terms and conditions of an arrangement agreement between ICC and Aurora dated September 8, 2018, Aurora will acquire all of the issued and outstanding common shares of ICC. Obtaining the Final Order is one of the conditions to completing the Arrangement.”
But the question remains as to what the impact of this acquisition will be for ACB shareholders over coming quarters and years. As we see, the move marks ACB’s principal flag-raising event in South America as a prominent player with intentions of dominating the marketplace as it evolves. We would anticipate other similar transactions to follow.0
Aurora Cannabis Inc (NYSE:ACB) is one of the most widely diversified players in the cannabis space due to its powerful strategic investments.
The next big cannabis story to hit North America is Phoenix Life Science International (PLSI), traded in the US, but with the largest global production based in the tropics and a license to distribute worldwide. Take a look at Phoenix Life Science International PLSI), Its currently trading under $18 dollars per share on the OTC markets. Learn More Now!
In addition, the company has demonstrated 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.
We would also note that 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).
In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($149.4M against $75.2M).
However, just drilling down into its core cannabis production operations, 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 ACMPR.
We would expect expansion on the way given the inflow of investment capital. But, at present, 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.
Sizing Up the South American Market
As we discussed earlier, ACB recently announced, along with ICC Labs Inc., that the Supreme Court of British Columbia has issued a final order approving the plan of arrangement between ICC and Aurora Cannabis Inc.
If you’re long this stock, then you’re liking how the stock has responded in recent days. ACB shares have been moving higher over the past week overall, pushing about 4% to the upside on above-average trading volume. Over the past month, shares of the stock have suffered from clear selling pressure, dropping by roughly -31%.
According to the release, “If the Arrangement becomes effective, each ICC Shareholder will receive $1.95 per ICC Share, payable in common shares of Aurora (the Aurora Shares) valued at the volume-weighted average trading price of Aurora Shares on the Toronto Stock Exchange (the TSX) during the twenty trading day period ending on the second to last trading day on the TSX immediately prior to the date the Arrangement is completed pursuant to the terms of the Arrangement Agreement and as further described in ICC’s management information circular (the Circular) in respect of the Arrangement, a copy of which is available under ICC’s profile on SEDAR at www.sedar.com.”
Aurora Cannabis Inc (NYSE:ACB) pulled in sales of $19.1M in its last reported quarterly financials, representing whopping top line growth of 222.6%.
Pushing the barriers for global distribution, Phoenix Life Science International (PLSI) is the next cannabis play. Just think Canopy x 100, that is how big their plantation in the tropics will be. No lights, no green houses, just maximum growth + minimal cost = home run. Learn More Now!
Cronos Group Inc. (NASDAQ:CRON) Pops On Altria Acquisition Talk After Q3 Net Loss Disappointment
Cronos Group Inc. (NASDAQ:CRON) is skyrocketing up the charts having emerged it is an acquisition target of Marlboro cigarette-maker Altria...
American Green Inc (OTCMKTS:ERBB) Kicks Off December On Rough Patch
American Green Inc (OTCMKTS:ERBB) seems to have started the month of December on a rather dull pace after closing the...
HempAmericana Inc. (OTCMKTS:HMPQ) Due For A Bounce Back As Sentiments Turn Bullish
HempAmericana Inc. (OTCMKTS: HMPQ) might as well have served groundbreaking catalysts set to trigger a rally from the current lows....
Hemp Inc. (OTCMKTS:HEMP) Surging On Massive Opportunity In Hemp Sector
Hemp Inc. (OTCMKTS:HEMP) bounce back after a steep pullback is gaining momentum. The stock could as well break out of...
Why Medmen Enterprises Inc (OTCMKTS:MMNFF) Could be Set to Rip
Medmen Enterprises Inc (OTCMKTS:MMNFF) has been beaten down soundly over the past 6 weeks. The stock continues to set up...
Can Green Thumb Industries Inc (OTCMKTS:GTBIF) Get Some Traction Following Primary Data?
Green Thumb Industries Inc (OTCMKTS:GTBIF) is another cannabis player to hit the wires with its quarterly financials. This comes at...
Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) Hits the Wires with Q Data as Farm Bill Readies
Charlotte’s Web Holdings Inc (OTCMKTS:CWBHF) just announced financial results for the third quarter and nine months ended September 30, 2018....
KushCo Holdings Inc (OTCMKTS:KSHB) Beats Single Analyst Estimates on Q3 Numbers
KushCo Holdings Inc (OTCMKTS:KSHB) just announced financial results for its fiscal year 2018, for the period ended August 31, 2018....
OrganiGram Holdings Inc (OTCMKTS:OGRMF) Looks to Solidify Support on Expanding Supplier Status
OrganiGram Holdings Inc (OTCMKTS:OGRMF) has been an interesting outperformer in the cannabis space for most of the year. However, shares...
Growlife Inc (OTCMKTS:PHOT) Could be Flying Under the Radar
Growlife Inc (OTCMKTS:PHOT) has been grinding lower over the past 10 months, which represents some clear underperformance relative to the...