Search: Aurora

Aurora Cannabis initiated as hold at Needham on concerns of liquidity risk in the second half

Needham initiated coverage of Aurora Cannabis Inc. on Tuesday with a hold rating and $1.50 price target. Analysts Matt McGinley and Evan Greenblatt said the company has established itself as a low cot producer of cannabis, but remains deeply unprofitable and has to scale back its operating structure while attempting to grow revenue. “We expect restructuring to produce an entity…

Cantor Fitzgerald sticks with overweight rating on Aurora Cannabis on expectations sector will rerate higher

Cantor Fitzgerald said Monday it is sticking with its overweight rating on troubled Canadian cannabis company Aurora Cannabis Inc. because it expects the Canadian licensed producers to rerate in the year ahead. In a note to clients, analyst Pablo Zuanic said he’s comfortable with the recent actions taken by the company to shore up its balance sheet and profit margins.…

People want cheap weed, and Aurora Cannabis is paying the price

Cannabis companies in Canada have long promised “super premium” products, some going as far as predicting demand for $100 grams of the plant. Canadian consumers are heading the other way, however, as Aurora Cannabis Inc. (ACB)(CA:ACB) outlined Thursday in an earnings report that revealed quarterly losses of more than C$1 billion. Aurora focused on high-grade cannabis at its Whistler facility and…