Streetbeat News

ACB

Aurora Cannabis Inc.

https://www.auroramj.com

Industry

Drug Manufacturers - Specialty & Generic

Aurora Cannabis Inc. produces, distributes, and sells cannabis and cannabis derivative products in Canada and internationally. It also engages in facility engineering and design, cannabis breeding, research, production, derivatives, product development, wholesale, and retail distribution activities. The company produces various strains of dried cannabis, cannabis oil and capsules, and topical kits for medical patients. It also sells vaporizers; consumable vaporizer accessories; and herb mills for using CanniMed herbal cannabis products, as well as grinders and vaporizer lockable containers. In addition, the company engages in the development of medical cannabis products at various stages of development, including oral, topical, edible, and inhalable products; and operation of CanvasRX, a network of cannabis counseling and outreach centers. Further, it provides patient counselling services; design and construction services; and cannabis analytical product testing services. The company's brand portfolio includes Aurora, Aurora Drift, San Rafael '71, Daily Special, AltaVie, MedReleaf, CanniMed, Whistler, Woodstock, and WMMC. Aurora Cannabis Inc. is headquartered in Edmonton, Canada.

Open

5.09

Mkt cap

278M

Volume

1.4M

High

5.24

P/E Ratio

-11.31

52-wk high

9.35

Low

5.05

Div yield

N/A

52-wk low

2.84

The federal government is threatening to make it more difficult for medical marijuana patients to obtain state gun permits in Arkansas. This could potentially impact the sales of firearms manufacturers and retailers.

Portfolio Pulse from Benzinga Newsdesk

October 05, 2023 | 6:55 pm

On October 4, 2023, several marijuana stocks experienced significant price movements. Notable gainers included Australis Capital (OTC:AUSAF), Rocky Mountain High (OTC:RMHB), and Canopy Gwth (NASDAQ:CGC). On the other hand, Belgravia Hartford Cap (OTC:BLGVF), Heritage Cannabis Holding (OTC:HERTF), and Eastside Distilling (NASDAQ:EAST) were among the biggest losers.

Portfolio Pulse from Benzinga Insights

October 04, 2023 | 9:30 pm

Aurora Cannabis Inc. and Curaleaf Holdings, Inc. have each closed their respective funding deals. Aurora raised approximately $28.5 million through a bought deal offering of common shares, with plans to use the majority of the proceeds to repay the remaining balance of its convertible notes. Curaleaf raised CA$16.2 million through an offering of subordinate voting shares, with plans to use a portion of the proceeds to fund the working capital requirements of its international business and for general corporate purposes.

Portfolio Pulse from Jelena Martinovic

October 03, 2023 | 2:46 pm

The article lists the marijuana stocks that gained and lost on October 2, 2023. Notable gainers include AusCann Group Holdings, Heritage Cannabis Holding, Eastside Distilling, Indiva, and Urban-gro. Major losers include Lift, Empower Clinics, Global Compliance, Pharmadrug, CLS Holdings USA, and others.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 9:30 pm

Benzinga's weekly review highlights both bullish and bearish prospects for several stocks. Bullish prospects include Meta Platforms Inc.'s new AI Smart Glasses, potential market strategies in the U.S. cannabis industry by Canopy Growth Corp., SNDL Inc., and Village Farms International Inc., and a potential surge in oil prices impacting the United States Oil Fund. Bearish prospects include a potential treason investigation into Comcast Corp., mixed reactions to Tesla Inc.'s Cybertruck, and escalating strikes against General Motors Co. and Ford Motor Co. by the United Auto Workers union.

Portfolio Pulse from Michael Cohen

September 30, 2023 | 1:06 pm

The article lists the cannabis stocks that gained and lost on September 28, 2023. The biggest gainers were MPX International (OTC:MPXOF), Target Group (OTC:CBDY), and Global Compliance (OTC:FUAPF), while the biggest losers were Maple Leaf Green World (OTC:MGWFF), Item 9 Labs (OTC:INLB), and Cansortium (OTC:CNTMF).

Portfolio Pulse from Benzinga Insights

September 28, 2023 | 9:30 pm

A GOP senator has urged Senator Schumer to stop prioritizing a marijuana banking bill, while another senator is planning to inflate criminal justice amendment plans. This could potentially impact the operations of marijuana-related companies.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 7:54 pm

Aurora Cannabis has entered into an agreement with Canaccord Genuity, where Canaccord will purchase 46,250,000 common shares of Aurora at C$0.73 per share. This has led to a decrease in Aurora's share price.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 5:04 pm

Aurora Cannabis Inc. (NASDAQ:ACB) has entered into an agreement with Canaccord Genuity to sell 46.25 million company shares at a price of CA$0.73 per share, generating gross proceeds of approximately CA$33.76 million. The company plans to use the proceeds to repay its outstanding convertible senior notes, which amount to approximately $25 million. The offering is expected to close on October 3, 2023. Following the news, Aurora shares were trading 14.17% lower.

Portfolio Pulse from Nina Zdinjak

September 28, 2023 | 3:18 pm

Aurora Cannabis Inc. (NASDAQ:ACB) has entered into an agreement with Canaccord Genuity, who will buy 46,250,000 common shares of Aurora at C$0.73 per share, resulting in gross proceeds of about C$33,762,500 for Aurora.

Portfolio Pulse from Benzinga Newsdesk

September 28, 2023 | 11:20 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.