Search: Aurora

Can Aurora Cannabis Grow Into Its Valuation?

Aurora Cannabis (ACB) was once the darling of the cannabis industry. In 2018, after having built Canada’s largest production capabilities, the company was eager to take on the newly legalized cannabis world. Unfortunately, success fell short and the latest earnings release sums up its inability achieve profitability. During the past two months, there have been large swings in ACB stock…

Aurora Cannabis reiterated as underperform by Jefferies after filing to issue $1 billion of securities

Jefferies reiterated its underperform rating on the stock of Aurora Cannabis Inc. on Thursday, after the company filed a shelf registration with the Securities and Exchange Commission to issue up to $1 billion of securities. “We had recently flagged the need for additional capital for a US push and therefore, given how critical the US is, this announcement should be…

Aurora files with the SEC to offer up to $1 billion in securities

Aurora Cannabis Inc. said Wednesday it has filed a shelf registration with the Securities and Exchange Commission to offer up to $1 billion in securities. The shelf includes common shares, preferred shares, warrants, subscription receipts and debt securities and will be effective for a 25-month period. The Canadian cannabis company has regularly tapped capital markets in the past year and…

Aurora Cannabis Announces Filing of Preliminary Base Shelf Prospectus

NYSE | TSX: ACBEDMONTON, AB, March 10, 2021 /CNW/ – Aurora Cannabis Inc. (the “Company” or “Aurora”) (NYSE: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, today announced it has filed a new preliminary short form base shelf prospectus (the “Base Shelf Prospectus”) with securities regulators in each of the provinces of Canada, except Quebec, and…

Aurora Cannabis Stock Gets Price Target Bump, but This Analyst Still Says ‘Sell’

The list of Aurora Cannabis (ACB) pessimists on Wall Street is a long one. Jefferies’ Owen Bennett is among the detractors. The analyst has been on the lookout for signs the company is on the cusp of a meaningful turnaround, but evidence is hard to find. The Canadian pot producer’s latest quarterly results provided little reassurance. “First, Canadian sales pressures…

Aurora Cannabis reiterated as underperform by Jefferies after earnings ‘reinforce concerns on its underlying business’

Jefferies analyst Owen Bennett reiterated his underperform rating on Aurora Cannabis Inc. stock on Wednesday, and said second-quarter earnings released last week “only reinforced our concerns on its underlying business.” Canadian sales pressure “were more pronounced than we had assumed, with little improvement on the margin profile,” Bennett wrote in a note to clients. “Second, given the near-term debt overhang…