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Let’s expand on that last one. The elephant in the room is that AOI has almost $1B in debt. Based on recent financials and projections, servicing and paying down that debt is very achievable. Also, the company has indicated that is aggressively buying back its debt. Perhaps the real reason is the 2nd last one point and is due to a refreshing absence of paid stock promoter coverage and interest as to why AOI is off the radar. AOI is gaining awareness though in part because of unbiased and independent industry coverage such as when we introduced AOI to you last month right on the heels of the cannabis industry announcement.
But debt holders are also stakeholders and what is their position with respect to their priority security claim on assets if the most profitable assets held are illegal federally in the USA? There are those who believe the share price should be three digits … $200 range is what I most often hear. Maybe it will be in time if all goes well.
AOI has stated its intent to be an international cannabis company and with only 9.1 million shares outstanding, it is in a good position to raise capital to finance such expansion aspirations. Canadian readers – take notice too because NYSE listed companies can often be purchased for the same transaction fee as Canadian listed companies and shares can be held in your tax deferred or tax-free accounts - just take caution because of potential tax implications regardless if held in a Tax Free Savings Account as this article (Q&A) clearly explains.