Investors are bracing for more job cuts and writedowns at Canadian cannabis producers before the industry stabilizes and becomes profitable, after two of the biggest weed companies, Aurora Cannabis ACB.TO and Tilray TLRY.O announced cost reductions this week. Canada legalized recreational cannabis in October 2018 but profits have proven elusive for most marijuana companies as fewer-than-expected retail stores, higher […]
Aurora Cannabis
Is Aurora Cannabis the Titanic of Marijuana Stocks?
Comparing any stock to a ship probably isn’t the best analogy. However, I couldn’t help thinking of the Titanic after seeing some of the headlines over the last couple of months about Aurora Cannabis (NYSE: ACB). For example, in December one analyst declared a one-year price target for Aurora of… $0. That’s not a typo. GLG Research’s Gordon Johnson predicted […]
Aurora Cannabis Sold 9 Tons of Marijuana Last Quarter
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 […]
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 […]
