Canadian Weed Giant Ventures Into Brazilian CBD Market Via New Partnership
Portfolio Pulse from Jelena Martinovic
Aurora Cannabis Inc. (NASDAQ:ACB) is expanding its hemp-derived CBD portfolio into Brazil in partnership with Herbarium, a leading Brazilian company in herbal medicine. The CBD oil will be produced at Aurora's production facility in Uruguay and will be available under the direction of medical doctors across Brazil. Aurora's shares are trading higher amid the recent strong performance of the cannabis sector.
September 06, 2023 | 2:27 pm
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Aurora Cannabis Inc. is expanding its CBD portfolio into Brazil, which could potentially increase its market share and revenue. The company's stock is trading higher.
The expansion of Aurora Cannabis Inc. into the Brazilian market could potentially increase its market share and revenue. This expansion, coupled with the recent strong performance of the cannabis sector, is likely contributing to the increase in the company's stock price.
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