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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jackfzhang

May 26, 2020
· POSITION CLOSED

-19.80%

Position Return %

15.61

Price When Posted

-3.09

Position Return

ACB

Aurora Cannabis Inc

6.59

-0.03
-0.38%
Current Price

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

bullish
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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read-time
1 min

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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Other Catalyst

ACB Channel

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