Aurora Cannabis reports $164.7 million loss in Q3, launches cost efficiencies plan May 14, 2021 AggregatedNews Cultivation 0 Comments Aurora Cannabis Inc. is on the hunt for savings again after reporting a $164.7-million net loss in its latest quarter. The Edmonton-based company unveiled Thursday a plan to accelerate between $60 million and $80 million in annualized cost efficiencies over… Read More→
Tilray & Aphria Announce Closing of Transaction That Creates the “New” Tilray – a Global Cannabis Leader May 3, 2021 AggregatedNews Mergers & Acquisitions 0 Comments Tilray, Inc. ("Tilray") and Aphria Inc. ("Aphria") today announced the completion of the previously announced business combination, ushering in a new era in the global cannabis industry. The combined company, which will operate as Tilray (the "Company"), brings together two… Read More→
Aurora Cannabis Forecasts Sales At High End, But Marijuana Stocks Fall November 2, 2020 AggregatedNews Cannabis Investments 0 Comments 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… Read More→
Cannabis producer Aphria posts bigger-than-expected loss July 29, 2020 AggregatedNews Cannabis Investments 0 Comments Canadian pot producer Aphria APHA.TO, <APHA.O> on Wednesday posted a bigger-than-expected quarterly loss and took impairment charges on some foreign assets, as coronavirus-related lockdowns disrupted tourism and supply chains. U.S.-listed shares of the company fell about 4% in premarket trading. Lack of… Read More→
Pot producer Canopy Growth’s loss bigger than expected May 30, 2020 AggregatedNews Cannabis Investments 0 Comments Canopy Growth Corp (WEED.TO), (CGC.N) on Friday reported a bigger-than-expected quarterly loss as its recreational cannabis business lost market share due to delayed product launches and the company abandoned a profitability target. Its U.S.-listed and Canadian shares ended down about… Read More→
Cannabis firm Aurora’s stock jumps 19% in pre-market trading as sales surge during coronavirus May 15, 2020 AggregatedNews Cultivation 0 Comments 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 -… Read More→
Marijuana Stock Aurora Cannabis Is Soaring Because a Top Analyst Sees Profits Around the Corner March 6, 2019 AggregatedNews Cannabis Investments 0 Comments 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.… Read More→
Colorado Cannabis Wants To Go Public, But Not Everyone Is Onboard February 22, 2019 AggregatedNews Colorado 0 Comments Colorado used to be on top of the cannabis world. As legalization spreads both in the U.S. and abroad, a lack of investor capital here could be the industry’s undoing. “Now we are chasing the wagon,” said Dean Heizer, the… Read More→
Aurora Cannabis Sales Strong As Losses Swell, Offers ‘First Real Look’ At Canadian Pot Sales Potential February 12, 2019 AggregatedNews Canada, Cannabis Investments 0 Comments 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… Read More→
Georgia marijuana company agrees to buy New England Treatment Access January 15, 2019 AggregatedNews Massachusetts 0 Comments New England Treatment Access, one of the state’s early medical marijuana operators and the first to sell recreational pot in Massachusetts, has agreed to be acquired by a Georgia marijuana firm. Atlanta-based Surterra Wellness said Monday that its agreement to… Read More→
Aurora Cannabis makes a ‘blessed’ buy of organic marijuana producer January 15, 2019 AggregatedNews Cannabis Investments, On the Move 0 Comments 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… Read More→
Another major Wall Street firm starts covering cannabis as industry gains legitimacy January 9, 2019 AggregatedNews Cannabis Investments 0 Comments Piper Jaffray initiated coverage on cannabis producers Tilray and Canopy Growth on Tuesday, joining a short — but growing — list of Wall Street brokerages watching the industry. While admitting "we still have much to learn in the sector," analyst… Read More→
Marlboro maker said to be in talks to buy Canadian marijuana producer December 3, 2018 AggregatedNews On the Move 0 Comments Marlboro cigarette maker Altria Group Inc. is in early stage talks to acquire Canadian cannabis producer Cronos Group Inc., as it seeks to diversify its business beyond traditional smokers, people familiar with the matter said on Monday. Canada this year… Read More→
Aurora Cannabis Shares Gain on Post-Legalization Sales in Canada November 12, 2018 AggregatedNews Cannabis Investments 0 Comments Aurora Cannabis Inc., the first pot producer to report earnings since Canada legalized marijuana last month, gained as much as 5 percent in pre-market trading after profit and sales surged. Aurora posted C$29.7 million ($22 million) in revenue for the… Read More→
Tilray stock up 30% after cannabis foe Jeff Sessions resigns under pressure November 8, 2018 AggregatedNews Cannabis Investments 0 Comments Shares of major marijuana companies rallied after Attorney General Jeff Sessions resigned Wednesday after months of public criticism from his boss, President Donald Trump. Canada-based Tilray closed up 30 percent while Canopy Growth and Aurora Cannabis rose 8.1 percent and 9 percent respectively. Cronos Group added 8.4 percent. “You’re happy if… Read More→