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…
Cowen downgraded Aurora Cannabis Inc. along with Tilray Inc. and Sundial Growers Inc. on Monday with analysts becoming increasingly cautious on the outlook for Canadian licensed producers. READ MORE: https://finance.yahoo.com/m/25cf64c2-8312-3649-ae47-86903161b89f/aurora-cannabis-downgraded-as.html?.tsrc=rss
Cowen downgraded Aurora Cannabis Inc. along with Tilray Inc. and Sundial Growers Inc. on Monday with analysts becoming increasingly cautious on the outlook for Canadian licensed producers. READ MORE: https://finance.yahoo.com/m/25cf64c2-8312-3649-ae47-86903161b89f/aurora-cannabis-downgraded-as.html?.tsrc=rss
Cowen downgraded Aurora Cannabis Inc. , Tilray Inc. and Sundial Growers Inc. to market perform from outperform on Monday, and said it’s increasingly cautious on the outlook for cannabis in Canada. Analyst Vivien Azer said the headwinds that have rocked the sector from pricing to too few stores to inventory do not appear to be easing and Cannabis 2.0, the…
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.…
Tim Seymour, CIO of Seymour Asset Management and co-host of CNBC’s “Fast Money,” joined Benzinga’s PreMarket Prep on Thursday , ahead of his appearance at the Cannabis Capital Conference Feb. … READ MORE: https://finance.yahoo.com/news/tim-seymour-compares-aurora-cannabis-194846143.html?.tsrc=rss
British Columbia Investment Management, which manages the province’s public assets, dramatically increased its holdings in those stocks in the last quarter of 2019. READ MORE: https://finance.yahoo.com/m/20301326-9aed-3b1e-8f1b-566e3c5dcaa3/huge-fund-bought-up-berkshire.html?.tsrc=rss
Canopy Growth Corp. reported earnings early Friday that gave investors a few reasons to cheer: In short, it wasn’t a total disaster. READ MORE: https://finance.yahoo.com/m/a7e4a5c7-4d6f-3ae0-b24e-5d35144c8b8b/why-canopy-growth%E2%80%99s-sales.html?.tsrc=rss
Canopy Growth Corp. reported earnings early Friday that gave investors a few reasons to cheer: In short, it wasn’t a total disaster. READ MORE: https://finance.yahoo.com/m/a7e4a5c7-4d6f-3ae0-b24e-5d35144c8b8b/three-reasons-why-canopy.html?.tsrc=rss
MKM Partners upgraded the stock to Neutral, saying major bad news isn’t likely in the short term. READ MORE: https://finance.yahoo.com/m/72b1b4fe-6a16-3ecc-82a8-d9277ad96d9d/aurora-cannabis-stock-is.html?.tsrc=rss
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…
Aurora Cannabis reported lower revenue and deepening losses, a week after announcing its CEO’s departure, layoffs and steep write-downs. READ MORE: https://finance.yahoo.com/m/0753b352-1315-368a-bad0-1392ff416cfb/aurora-cannabis-sees-flat.html?.tsrc=rss