Home Tags Aurora Cannabis
Tag: Aurora Cannabis
Despite coronavirus-related restrictions on inessential purchases and social limitations in pharmacies, Aurora achieved an unexpectedly good quarter.
Canopy Growth spikes 22% after beating earnings expectations, and now other pot stocks are surging as well
"In Q3 we executed across Canada, in our international markets and in our strategic acquisitions to drive revenue growth," said CEO David Klein.
‘A number of red flags’: Aurora Cannabis shed 19% on a string of bad news. Here’s what 4 analysts are saying.
The slump is the latest setback for the beleaguered stock, which has struggled to gain in 2020 as turmoil continues to hit the cannabis industry.
Traders betting against pot stocks made almost $1 billion in 2019. Here are the 8 stocks most responsible for those gains.
So far this year, short exposure to the cannabis sector is up $843 million, or 35%, according to data from financial-analytics provider S3 Partners.
That led to stock declines across the board for the marijuana producers. Now, shares of each company are a far cry from highs seen over the last year.
Aurora Cannabis tumbles double digits after saying it won’t turn a profit until next year as weed-industry earnings flag
The company said in January it hoped to reach positive earnings by the fiscal fourth-quarter, but Wednesday's release missed the profitability target.
CEO Terry Booth said that success has been driven by a focus on quality, regulatory compliance, and appropriate Board of Director oversight.
Weed stocks valuations approach 100x sales despite the fact they cannot operate in the US. Federal legislation is required to operate in the US.
The billionaire Nelson Peltz is joining Aurora Cannabis as a strategic adviser, sending shares up 8.5% early Wednesday.
The first Wall Street bank to follow marijuana stocks just added 2 major names to its coverage universe. Here’s what it’s saying.
Cowen, the first major Wall Street bank to follow marijuana stocks, added Cronos Group and Aurora Cannabis to its coverage.