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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

On September 27, 2023, several cannabis stocks experienced significant price movements. Notable gainers included Global Hemp Group (OTC:GBHPF), GrowLife (OTC:PHOT), and Heritage Cannabis Holding (OTC:HERTF), with shares closing up 68.42%, 42.86%, and 26.67% respectively. On the other hand, Target Group (OTC:CBDY), MGC Pharmaceuticals (OTC:MGCLF), and Item 9 Labs (OTC:INLB) were among the biggest losers, with shares closing down 48.31%, 45.45%, and 17.65% respectively.

Portfolio Pulse from Benzinga Insights

September 27, 2023 | 9:30 pm

The Senate Banking Committee has approved the Secure and Fair Enforcement Regulation (SAFER) Banking Act, causing a surge in U.S. cannabis stocks. Companies such as Canopy Growth Corp, Cronos Group Inc, Aurora Cannabis Inc, SNDL Inc, and Tilray Brands Inc saw increases between 3% and 6.5%. The AdvisorShares Pure US Cannabis ETF also spiked 6% following the vote. The Act, which has been in the works for nearly a decade, could greatly benefit the $1-billion cannabis industry that has been operating on a cash-only basis.

Portfolio Pulse from Maureen Meehan

September 27, 2023 | 4:27 pm

The U.S. Senate Banking Committee has approved the Secure and Fair Enforcement Regulation (SAFER) Banking Act, which aims to make it safer for legal cannabis businesses to operate. The bill, which has bipartisan support, will now move to the Senate floor for further consideration. The legislation is not seen as a step towards legalization, but rather a means to address the risks associated with the current all-cash model of legal cannabis businesses.

Portfolio Pulse from Benzinga Newsdesk

September 27, 2023 | 2:21 pm

The cannabis sector experienced mixed performance on September 26, 2023, with several stocks seeing significant gains while others suffered losses. Notable gainers include GreenGro Technologies, Rocky Mountain High, iAnthus Capital Hldgs, and Urban-gro. On the other hand, Choom Holdings, Heritage Cannabis Holding, Nextleaf Solutions, and Pharmadrug were among the biggest losers.

Portfolio Pulse from Benzinga Insights

September 26, 2023 | 9:30 pm

The article lists the cannabis stocks that gained and lost on September 20, 2023. The biggest gainers were AusCann Group Holdings, Target Group, and Maple Leaf Green World, while the biggest losers were EVIO, GrowLife, and Zelira Therapeutics.

Portfolio Pulse from Benzinga Insights

September 20, 2023 | 9:30 pm

Senate Majority Leader Chuck Schumer has committed to advancing a revised marijuana banking bill, the Secure and Fair Enforcement Regulation (SAFER) Banking Act, which will allow cannabis businesses to accept credit and debit cards. Schumer also plans to include the Harnessing Opportunities by Pursuing Expungement (HOPE) Act and Gun Rights and Marijuana (GRAM) Act in the final legislation. The HOPE Act incentivizes states to expunge cannabis records, while the GRAM Act allows medical cannabis patients to purchase and possess firearms. The bill also includes provisions to increase access to deposit accounts for businesses and customers, especially those in rural, low-income areas, Tribal communities, and unbanked businesses and consumers.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 4:30 pm

A revised bipartisan marijuana banking bill, the Secure and Fair Enforcement Regulation (SAFER) Banking Act, has been filed in the Senate. The bill aims to give legal cannabis businesses access to traditional financial institutions, including bank accounts and small business loans. The legislation also requires federal banking regulators to work with state banking supervisors and the secretaries of commerce and treasury to form rules or guidance to increase access to deposit accounts for businesses and customers. The bill is set to receive a markup in the Senate Banking Committee on September 27.

Portfolio Pulse from Benzinga Newsdesk

September 20, 2023 | 3:47 pm

Bipartisan lawmakers have reportedly found a 'sweet spot' in negotiations over a marijuana banking bill, agreeing to leave a section favored by Republicans intact. The Secure and Fair Enforcement (SAFE) Banking Act is set for a committee vote next week. The bill could have significant implications for the cannabis industry, potentially easing banking regulations and allowing for stock uplisting. The American Trade Association for Cannabis and Hemp (ATACH) and the American Bankers Association (ABA) have both called for the passage of the legislation.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2023 | 3:29 pm

Aurora Cannabis (NASDAQ:ACB) is launching a new brand, TASTY'S, for the Canadian cannabis market. The brand will focus on the pre-roll category, offering vapes and infused pre-rolls. The products will be available at cannabis retailers across Canada starting in September. Aurora's shares traded 5.46% higher at $0.9101 per share during the pre-market session on Tuesday morning.

Portfolio Pulse from Jelena Martinovic

September 19, 2023 | 1:40 pm

Aurora Cannabis Inc. (NASDAQ:ACB) has received approval to transfer its common shares listing from the Nasdaq Global Select Market to the Nasdaq Capital Market. This move is expected to allow the company an additional 180 days to regain compliance with the Nasdaq Listing Rule 5450(a)(1). Aurora also announced that it has agreed to repurchase an aggregate of roughly CA$13 million ($9.6 million) principal amount of its convertible senior notes. This is part of the company's strategy to reduce its debt and boost financial stability.

Portfolio Pulse from Jelena Martinovic

September 19, 2023 | 1:16 pm

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