Several cannabis stocks slid lower on Wednesday. Shares of Aphria (NASDAQ: APHA) were down 6.4% as of 3:19 p.m. Tilray (NASDAQ: TLRY) stock was falling 6.7%. Charlotte’s Web Holdings (OTC: CWBHF) shares were tumbling 6.4%. READ MORE: https://finance.yahoo.com/m/23e7d0cf-e547-3e00-9abf-4fd88dc4e90f/why-cannabis-stocks-aphria%2C.html?.tsrc=rss
Cannabis stocks gained momentum as another U.S. state passed legislation to legalize recreational pot. READ MORE: https://finance.yahoo.com/m/bcf7dfeb-770f-3dea-a479-9e2c78581f45/why-aphria%2C-aurora-cannabis%2C.html?.tsrc=rss
Investors need to pay close attention to Aurora (ACB) stock based on the movements in the options market lately. READ MORE: https://finance.yahoo.com/news/options-traders-know-something-aurora-123212786.html?.tsrc=rss
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…
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 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…
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…
The latest cannabis company to turn a profit was Tilray (NASDAQ: TLRY), achieving that mark earlier than both Aurora Cannabis (NYSE: ACB) and Canopy Growth (NASDAQ: CGC). Let’s take a look at what changed for Tilray this quarter and whether it is a better buy than two of its key rivals. Tilray comes through on its promise — but should investors…
Cannabis company stocks are getting a boost after another U.S. state passed legalization legislation. READ MORE: https://finance.yahoo.com/m/7b66318a-a818-3727-9e58-f716d5a2375d/why-aphria%2C-canopy-growth%2C.html?.tsrc=rss
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…
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…
What happened Cannabis stocks plummeted on Tuesday morning before rebounding later in the day. Here’s how some of the most popular marijuana stocks fared: Sundial Growers (NASDAQ: SNDL), down 11. READ MORE: https://finance.yahoo.com/m/ceb78dd0-194f-330e-b8c3-c80c4e1c16b0/why-sundial%2C-aurora-cannabis%2C.html?.tsrc=rss