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Aurora Cannabis Sees a Path to Profitability. The Stock Trades Higher.

September 30, 2021
AggregatedNews
Producers
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Aurora Cannabis was rising Tuesday after fiscal fourth-quarter sales missed analysts’ estimates but the Canadian cannabis company said cost savings should “clear a path” for being adjusted Ebitda positive. Analysts at MKM Partners upgraded the stock to Neutral from Sell. Sales…

Aurora Cannabis reports $164.7 million loss in Q3, launches cost efficiencies plan

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…

Pot Stocks Are Flying High Again. It’s Not Just Reddit.

Some of the retail traders on Reddit’s WallStreetBets forum who helped spark GameStop stock’s brief parabolic pop have set their sights on public cannabis companies. Canadian grower Tilray (ticker: TLRY) jumped about 51% on Wednesday. Aphria (APHA), which has a deal to merge with Tilray, was up only…

Forget Aurora Cannabis, Curaleaf Is a Better Marijuana Stock

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,…

Forget Aurora Cannabis, Curaleaf Is a Better MJ Stock

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,…

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…

Marijuana Stocks: Aurora Cannabis Forecasts Lower Sales As New CEO Steps In

September 23, 2020
AggregatedNews
Cultivation
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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…

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,…

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 -…

More pain in store for Canadian marijuana companies after Aurora Cannabis, Tilray cut jobs

February 10, 2020
AggregatedNews
Canada
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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…

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…

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…

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…

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…

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…

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