The two largest pot companies in the world have developed secret formulas that predict when the U.S. will legalize cannabis sales, or at least officially allow states to sell marijuana.
Aurora disclosed the use of the secret formula for the first time Wednesday in its disappointing fourth-quarter earnings report, when it revealed a new method of valuing warrants it holds to buy back a stake in one-time subsidiary Australis. Using the formula added almost C$10 million to Aurora’s bottom line.
“We obviously report under [international financial reporting standards] and not U.S. [generally accepted accounting principals], so I think it’s part of the year-end audit with KPMG.” See also: Canopy Growth’s remaining CEO talks about pot company’s shake-up, and the search for his replacement
Source: News Formal (newsformal.com)
Most corporations have secret formulas aka forecasting aka bullshit math - been there, done that 🤓
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