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Hi Mooroolbark - Lets look at cold light of day facts:Aurora...

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    Hi Mooroolbark -

    Lets look at cold light of day facts:

    • Aurora have a take-off agreement with CAN
    • CAN are hoping to use the revenue stream of this take-off agreement to securitise a bank loan to build a cultivation facility
    • Aurora have terminated construction of their new facilities as they already have surplus cultivation
    • Aurora has lots of surplus stock every quarter that they can not sell (They cultivate > 3x what they can sell currently)


    • Bank's lend money when they are confident they will get repaid
    • CAN are relying on Aurora to buy their cannabis so that CAN can pay bank interest
    • Aurora have no need for more cannabis so will not buy it
    • CAN can therefore no longer pay bank loan interest
    • CAN can therefore no longer secure bank loan
    • CAN can therefore no longer build the Mildura facility

    As I said - the probability of the bank approving the loan is between zero and none.
 
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