Aurora Cannabis sold a ton of weed last quarter. Nine metric tons, in fact. Like the other Canadian pot producers reporting earnings Tuesday, Aurora increased sales strongly in its March quarter. Investors had worried that the recreational marijuana market was off to a slow start in Canada, but on Tuesday evening the Edmonton, Alberta-based Aurora Cannabis reported […]
Aurora Cannabis
Germany to launch home-grown cannabis farming as Aurora, Aphria subsidiaries win contracts
Germany has depended on imports of medical cannabis, mainly from Canada and the Netherlands FRANKFURT — Germany has awarded contracts to supply domestically grown cannabis to two Canadian companies, as it seeks to develop its own medicinal marijuana industry and reduce reliance on imports. Drugs regulator BfArM said on Wednesday it would purchase 4,000 kg […]
Aurora Cannabis Is on Pace for 780,000 Kilos a Year, With 1 Million a Real Possibility
At the moment, there’s simply no industry growing faster, or garnering more attention from Wall Street and investors, than marijuana. Following the legalization of recreational weed in Canada, and now having over 40 countries worldwide with some sort of medical cannabis legalization in place, the sky appears to be the limit for pot and marijuana […]
Aurora Cannabis Marijuana Peak Production Leaps Higher
Aurora Cannabis (NYSE:ACB) is Canada’s second-largest marijuana company by revenue behind Canopy Growth (NYSE:CGC), but expansion projects could catapult it into first place someday. Aurora Cannabis went into this week with funded expansion projects targeting over 550,000 kilograms annually and exiting this week, its plans are targeting over 630,000 kilograms of peak marijuana production per year. What’s going on […]
Here’s Who Sold the Most Marijuana Last Quarter
Following the opening of Canada’s recreational adult-use marijuana market last October, top marijuana stocks could capture billions of dollars in sales as consumers shift their spending from the black market to licensed marijuana retailers. The potential to profit from pot is sparking a green rush of investment that has some marijuana growers already benefiting more […]
Marijuana Stock Aurora Cannabis Is Soaring Because a Top Analyst Sees Profits Around the Corner
Aurora Cannabis stock was rising sharply on Tuesday, up more than 9% following a bullish call from Cowen & Co. The back story. Aurora Cannabis stock (ACB) has been on a tear in 2019, rising 58.5% since the start of the year. It hasn’t been a straight shot upward for the Canadian cannabis company, but Aurora’s acquisition of Whistler Medical […]
This Marijuana Stock Just Made History (No, It’s Not Canopy Growth)
Investors have been flocking into marijuana stocks, and the returns that cannabis companies have generated for their shareholders have been impressive. Yet many investors are still shying away from companies in the marijuana industry because of the legal and logistical challenges involved with the business. In addition, the fact that so many of the most popular […]
Aurora Cannabis Sales Strong As Losses Swell, Offers ‘First Real Look’ At Canadian Pot Sales Potential
Canadian marijuana producer Aurora Cannabis (ACB) reported fiscal second-quarter sales that came in at the high end of an earlier forecast, even as the company’s losses ballooned. Aurora Cannabis stock and other marijuana stocks were mostly lower after Monday’s close. The company’s results arrive as investors look for more insights into how Canada’s biggest pot companies are […]
Aurora Cannabis makes a ‘blessed’ buy of organic marijuana producer
Aurora Cannabis Inc. said Monday it intends to acquire the one of the last independent members of the so-called “blessed eight,” a group of marijuana companies given the first approval to move cannabis genetics from the black market into the legal regime. Aurora ACB, +4.28% ACB, +6.26% said it would pay up to C$175 million ($132 million) in stock for […]
Cannabis stock Tilray plunges 16% after PepsiCo CFO says company has no plans for marijuana
Cannabis stocks fell across the board Tuesday after PepsiCo told investors that the food and beverage giant said it has no plans to invest in marijuana. Though most of the marijuana stocks opened Tuesday without much fanfare, they took a leg lower after PepsiCo Chief Financial Officer Hugh Johnston told Cowen analyst Vivien Azer on the company’s […]
U.S. Cannabis Producers Fear Canada Will ‘Dominate The Industry’ Perhaps for the first time ever, Canada has a shot at leading the world in a new economic activity.
Derek Peterson is worried about Canadian weed. The CEO of California-based marijuana producer and seller Terra Tech is watching the cannabis industry boom north of the border with more than a little apprehension — because he is already seeing the beginnings of an invasion of U.S. markets by Canada’s cannabis firms, today the world’s largest. […]
Colorado House Bill 1011 could have ramifications world-wide in the Cannabis Industry
Over the last year plus, industry players in Colorado have been lobbying the legislature hard to allow for out-of-state ownership stakes that could change the capital raise game and allow many of the companies that have built significant cannabis license portfolios to be on a level playing field with other states like California and Nevada […]
Once On A High, Cannabis Stocks Are Now Getting Crushed
If you’re invested in any one of the major weed stocks listed on the Toronto Stock Exchange, the past few months must have been utterly nerve-wracking. After a sharp bull run in the in the months leading up to 2018, shares of some of the biggest licensed producers in Canada plunged in the second half […]
Canadian Cannabis Companies Set Their Sights On South America
Much has been made of the marijuana M&A spree afoot in Canada. Just this year alone, licensed producer Aurora Cannabis Inc. agreed to acquire CanniMed Therapeutics Inc for $852 million, which would create the largest cannabis company in the world. Bank of Montreal got into the weed game with a $175 million deal with Canopy […]
Hedge fund says cannabis stocks will either collapse or we should all move to Canada and grow pot
A multibillion-dollar hedge fund is not high on marijuana stocks. Lakewood Capital Management, led by Anthony Bozza, revealed short positions in Canopy Growth and Aurora Cannabis, according to the firm’s fourth-quarter investor letter sent Wednesday and obtained by CNBC. The firm has about $5 billion in assets under management. “It has been hard to come […]
Aurora Cannabis Looks To Make $3 Billion Merger With CanniMed Therapeutics
Look out, Canopy Growth Corporation. Your reign as the pure-play marijuana stock with the highest market cap might not last for long. On Tuesday, Aurora Cannabis announced that it had submitted a proposal to acquire all shares of another Canadian marijuana grower, CanniMed Therapeutics. Aurora is offering to buy CanniMed, which trades on the Toronto Stock Exchange, for $24 per share. […]
The 7 Largest Marijuana Stocks All Have This Dubious Statistic in Common: These are some lofty valuations with little to show for it.
Seemingly nothing can stop the marijuana industry, or marijuana stocks, at the moment. Over the past couple of years, we’ve witnessed a number of major milestones for the cannabis industry. For example, in 2012, Colorado and Washington became the first states where a majority of voters legalized the sale of recreational marijuana to adults ages […]
Marijuana Wreaks Havoc on Canadian Stock Market Yesterday
On Wednesday morning, six companies had their TSX trading halted after they tripped a circuit breaker during a massive spike in their stock prices. The breakers are tripped when a stock climbs more than ten percent in five minutes. The companies that tripped the breaker were Aphria, Aurora Cannabis, Mettrum Health Corp, OrganiGram, Canopy Growth, […]
