Strong Q3 Earnings For ACB As Cannabis Demand Increases During Lock-down

Aurora Cannabis Inc. is a Canadian licensed cannabis producer, headquartered in Edmonton. It trades on the Toronto Stock Exchange and New York Stock Exchange as ACB.As of late September 2018, Aurora Cannabis had eight licensed production facilities, five sales licences, and operations in 25 countries. It had a funded capacity of over 625,000 kilograms of cannabis production per annum with the bulk of capacity based in Canada and a growing presence in international markets, particularly Denmark and Latin America. Aurora is the second largest cannabis company in the world by market capitalization. Over the last year it has seen a steady decline in stock price as new entrants are gaining market share. ACB. Increased demand for Cannabis products is helping fuel ACB’s income. Look for strong Q3 earnings to drive the share price up. The long-term upside might be minimal but the short term run has potential.

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Strong Q3 Earnings For ACB As Cannabis Demand Increases During Lock-down

May 26, 2020

bullish

general Analysis

[1 min Read]

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Aurora Cannabis Inc. is a Canadian licensed cannabis producer, headquartered in Edmonton. It trades on the Toronto Stock Exchange and New York Stock Exchange as ACB.As of late September 2018, Aurora Cannabis had eight licensed production facilities, five sales licences, and operations in 25 countries. It had a funded capacity of over 625,000 kilograms of cannabis production per annum with the bulk of capacity based in Canada and a growing presence in international markets, particularly Denmark and Latin America. Aurora is the second largest cannabis company in the world by market capitalization. Over the last year it has seen a steady decline in stock price as new entrants are gaining market share. ACB. Increased demand for Cannabis products is helping fuel ACB’s income. Look for strong Q3 earnings to drive the share price up. The long-term upside might be minimal but the short term run has potential.
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ACB

Aurora Cannabis Inc.

1.47

-0.08
-4.89%

Return

-
Position Return %
0.00
Position Return
15.61
Price When Posted

Metrics

20.12
Target Price
3/ 10
Confidence
2-6 Months
Timeframe
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Earnings Release
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News
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SEC
Filing
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Sentiment
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