I wonder why there is so much hype around the Canadian pot company Aurora Cannabis (NYSE: ACB) when it has time and again failed to meet investors’ expectations. Aurora Cannabis might be a popular pot stock among investors, but if you look around, U.S. cannabis stocks hold much greater potential. One such company is Massachusetts-based Curaleaf Holdings (OTC: CURLF). While […]
Aurora Cannabis
Aurora Cannabis Forecasts Sales At High End, But Marijuana Stocks Fall
Aurora Cannabis stock fell on Friday, even as the Canadian cannabis producer said it expects fiscal first-quarter sales and adjusted margins to come in at the high end of its expected range. Other marijuana stocks were mixed. The company sees fiscal first-quarter net sales coming in at the upper end of expectations for 60 million to 64 million […]
Marijuana Stocks: Aurora Cannabis Forecasts Lower Sales As New CEO Steps In
Aurora Cannabis stock fell hard after hours after the Canadian pot producer forecast falling cannabis sales in the current quarter, while net sales for its fourth quarter came in slightly below estimates. The company reported the Q4 results and Q1 outlook after it named a new CEO this month — part of an effort to […]
Canada’s Aurora Cannabis surges after making a CBD deal to enter the lucrative U.S. market
Aurora Cannabis has agreed to buy U.S.-based CBD company Reliva, giving the struggling Canadian company a business foothold in America. Shares of Aurora closed off nearly 13% ahead of the Wednesday afternoon announcement. The stock surged higher in after-hours trading. However, over the past 12 months, Aurora has lost nearly 90% of its stock market value […]
Cannabis firm Aurora’s stock jumps 19% in pre-market trading as sales surge during coronavirus
Canada-based marijuana producer Aurora Cannabis pulled off high sales during the early months of the coronavirus pandemic. The licensed weed producer in Alberta posted third quarter revenues of $53.4 million (all figures in this post are in US dollars) on Thursday – an 18% jump from the previous quarter – driven by a 24% increase in sales […]
More pain in store for Canadian marijuana companies after Aurora Cannabis, Tilray cut jobs
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 […]
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 […]
