Key levels are in play all over the cannabis space as support right now, with the $5/share level in Aurora Cannabis Inc (OTCMKTS:ACBFF) being one of the most prominent. The level is under fire, but may represent an area where large players are willing to sit with a truck and a lunchbox and go to work accumulating shares. To augment that case, the company just provided further clarification on its statement in regard to receiving a Letter of Intent to establish one of the first medical cannabis production facilities in Malta. According to the release, “The Company received a Letter of Intent from Malta Enterprise for the establishment of a seed-to-pharma cannabis operation, including the construction of a hybrid production facility that will be focused predominantly on the production of oils and derivatives. Operations will be carried out by a new company, to be formed by Aurora and its local partner Cherubino Ltd., the largest pharmaceutical wholesaler in Malta with an operating history of over 100 years. Are We Seeing Accumulation in Aurora Cannabis Inc (OTCMKTS:ACBFF)?
thumbnail courtesy of oracledispatch.com