2021 was hardly a banner year for the Canadian weed company; perhaps its fortunes are about to change. READ MORE: https://finance.yahoo.com/m/169ab6de-dfa8-3c5f-be1b-7a7f8239c37d/aurora-cannabis-stock-in.html?.tsrc=rss
Shares of Aurora Cannabis (NASDAQ: ACB) fell 14.6% this week as of Thursday, according to data from S&P Global Market Intelligence. The Canadian marijuana company closed at $4.46 a share on Friday of last week, opened at $4.37 on Monday, and dropped to as low as $3.79, its 52-week low, by Thursday afternoon. Aurora had plenty of company with its…
On yet another “red” day for stock markets, marijuana investors saw their stocks tumble right along with the rest of the Nasdaq. In a press release early this morning, Hexo gave investors an update on its strategic plan entitled “The Path Forward,” explaining how Hexo — shares of which traded above $30 just a couple of years ago, but now…
Shares of marijuana company Aurora Cannabis (NASDAQ: ACB) jumped 3% as of 3 p.m. ET on Monday. You can thank its competitor Tilray (NASDAQ: TLRY) for that. In a surprise announcement this morning, Tilray said it was able to cut so much cost from its reverse merger with Aphria last year that it ended up earning $6 million in its…
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously… READ MORE: https://finance.yahoo.com/news/aurora-cannabis-tse-acb-weighed-093839966.html?.tsrc=rss
A few years ago, Israel overtook Germany as the world’s largest cannabis importer and this is a market that we have been bullish on. A core pillar of our bullish view on Israel’s cannabis market is related to how the climate is ideal for cultivating cannabis. When compared to Canada or the United States (US), the cost to cultivate a…
Aurora Cannabis Inc. (the “Company” or “Aurora”) (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, announced today the delivery of a cannabis shipment worth approximately C$10 million – the company’s largest ever shipment to Israel, and what is believed to be the largest export of medical Cannabis into the Israeli market. Delivered in December, the…
Aurora Cannabis Inc. (the “Company” or “Aurora”) (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, announced today the appointment of Chitwant Kohli to the Company’s Board of Directors (the “Board”), effective today. This is a newly added position that expands the Board to nine members, seven of whom are independent. READ MORE: https://finance.yahoo.com/news/aurora-cannabis-announces-director-updates-115000454.html?.tsrc=rss
I am bearish on Aurora Cannabis (NASDAQ: ACB) as its mediocre growth outlook, lack of profitability, and bearish outlook from Wall Street analysts make it look like one of the weaker cannabis stocks. Aurora Cannabis is a cannabis producer that serves both the medical and consumer marijuana markets. The company is headquartered in Alberta, Canada. Strengths Aurora Cannabis is the No.…
Licensing deal set to assist in the advancement of research and development for cannabinoid biosynthesis Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) (“Aurora”), the Canadian company defining the future of cannabinoids worldwide, together with 22nd Century Group, Inc. (NASDAQ: XXII) (“22nd Century”) announced today a three-way non-exclusive agreement to license biosynthesis intellectual property to Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group”), intended to…
The Canadian industry, in particular, has faced several headwinds since it legalized medical and recreational cannabis. Fast forward to the present day, now both of these cannabis growers are struggling to generate enough revenue to achieve positive earnings before interest, tax, depreciation, and amortization (EBITDA). While investors believed Canopy could rebound this year, its second-quarter earnings tell a different story.…
Marijuana investors are in a funk today, as shares of Hexo (NASDAQ: HEXO) drop 9.7%, Aurora Cannabis (NASDAQ: ACB) declines 7.2%, and Sundial Growers (NASDAQ: SNDL) falls 5.5%, as of 12:40 p.m. ET. There’s a reason why Hexo stock is down so much more than the others, too. In twin reports this morning, CIBC downgraded Hexo stock to a sell…