Aurora CEO: “We will be profitable before others” Aurora Cannabis Inc. Chairman Michael Singer made a statement today that the firm will reach profitability before “any of its peers”, however, declined to comment by when this will happen.
The Canadian Imperial Bank of Commerce CIBC (CM.T) – a $48 billion company with 11 million clients and 40,000 employees – just released a statement declaring that other cannabis industry analysts are lying or deluded about how much weed it is going to sell in the next two years.
CUV Ventures (TSX-v: CUV) has BIG plans by taking perhaps just 1% or less market share from an ever growing list of markets it is aggressively targeting. For example, in the $700 billion global remittances market, 1% would be $7 billion. Heck, even just one-tenth of 1% would be $700 million. Not bad for a Company with a market cap of C$33 million. This won’t happen overnight, but the Company expects revenues to grow very rapidly in 2019 vs. 2018. There are 3 key aspects of this story; first, most revenue will enjoy high margins, second, much of the revenue will be recurring, and third, CUV Ventures is harnessing technology to disrupt banking and several online industries.
When you’re looking to tell the story of a public company in a way that will resonate with an audience, with a succinct, tagline-sized parable, finding the words ‘multidimensional’ and ‘multidivisional’ in the first few lines of their website will give a writer reason to reach for the coffee.