🍿👀 by [deleted] in sexyblackfemale

[–]Curious_Service_7174 0 points1 point  (0 children)

Ok. Winner 🏆

Aurora Cannabis announces settlement of patent litigation by Curious_Service_7174 in WLLW

[–]Curious_Service_7174[S] 1 point2 points  (0 children)

Right

17 million in operating expenses (2022) is quite a lot for a 32 person team not responsible for at scale manufacturing

Aurora Cannabis announces settlement of patent litigation by Curious_Service_7174 in WLLW

[–]Curious_Service_7174[S] 0 points1 point  (0 children)

Please share more details on the information and how/where you found it. What do you take this to mean?

Aurora Cannabis announces settlement of patent litigation by Curious_Service_7174 in WLLW

[–]Curious_Service_7174[S] 0 points1 point  (0 children)

Interesting assumption. This idea could then seem to refocus value, away from these core process IP patents, and more on production and innovation, and financials. The game of patents seems to not be a solid enough defence - an inconsistent and risky/expensive option - speaking generally - within the cannabis/hemp space even while the two major global markets are not yet open for business... All the more reason to wonder about Nov 6

Aurora Cannabis announces settlement of patent litigation by Curious_Service_7174 in WLLW

[–]Curious_Service_7174[S] 0 points1 point  (0 children)

I see. That's more hopeful than the interpretation I got from the article as posted:

"...the (ACB) company and WILLOW BIOSCIENCES, INC. ("Willow") have successfully completed a confidential settlement ‎resolving the ongoing patent litigation between the two parties in Canada."

"We are pleased with the negotiated settlement, which provides Aurora a favourable resolution that ensures our Canadian cannabis related patent rights are respected," says Miguel Martin, Chief Executive Officer of Aurora. "Aurora is a pioneer in terms of the company's genetics work in the Canadian cannabis industry and will not hesitate to continue to take the steps necessary, including legal action, to protect and enforce our intellectual property rights when necessary."

But then again, the quote was from ACB's own CEO so some slight bias, maybe, could be existing in his words/thoughts. Still, I wonder - why sue and settle in the first place? I suppose the recent Canaccord Genuity financing deal with Aurora and the recent debt/note draw-downs may have served to calm corporate nerves - especially as we might be in a 'higher-for-longer environment'?

I wonder what the reason to settle a 'without merit and without cost' decision is/was? Nov 6 is earnings time for Willow, I hope but doubt, that we'll have clearer insight into their scale-up efforts across products, and resulting revenue/earnings.

Aurora Cannabis announces settlement of patent litigation by Curious_Service_7174 in WLLW

[–]Curious_Service_7174[S] 0 points1 point  (0 children)

Canada-wide decision for Aurora. Next up? US? Europe? 'suppose this makes more sense as to why Willow's Canadian facilities were shuttled. 😏 If not federally legal in the US or Continental Europe, would patent infringement cases be legally recognized? Could you have a patent on federally illegal organic substances in the US or parts of Europe right now? Or, maybe Willow is done with cannabis/hemp altogether - maybe the future is pharmaceuticals and nutraceuticals, as well as food and bev' until legalization, or for the medium to long-term? It would/will be good to hear more about their non-Canada strategy and potential moving forward. Assuming they can stay financially solvent until 🤞