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EDMONTON, AB, Aug. 25, 2022 /CNW/ - Aurora Cannabis Inc. (the "Company" or "Aurora") (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, is pleased to announce today that a wholly-owned subsidiary of the Company has acquired a controlling interest in Bevo Agtech Inc. ("Bevo"), the sole parent of Bevo Farms Ltd.,…

During the month of June, more than C$377 ($290.8 million) million of recreational cannabis products were sold in Canada (according to Statistics Canada). This amount was a new monthly record for the country’s recreational cannabis industry and was approx. 1% higher than the prior month. In May, Canada reported a…

Yesterday was a tough day for the cannabis sector and Canadian Licensed Producers (LPs) were especially impacted by the volatility. Canopy Growth Corporation (TSX: WEED) (Nasdaq: CGC) and Aurora Cannabis Inc. (TSX: ACB) (Nasdaq: ACB) are two well-known Canadian LPs which fell more than 10% to start the week and…

During the last year, the cannabis industry lost more than half of its value (based on the market capitalizations of public companies) and the sector faces uncertainty as interest rates continue to rise.  Today, we have highlighted what we consider to be 5 important themes for the back half of…

The first half of 2022 has been a tough period for the cannabis sector and Canadian Licensed Producers (LPs) have been especially impacted. From closing facilities to reducing headcount, Canadian LPs have been executing on multi-faceted strategies to cut costs in order to become profitable. So far, the strategies have…

Less than a month after Aurora Cannabis Inc. (Nasdaq: ACB) (TSX: ACB) raised $172.5 million for general corporate purposes, the Canadian Licensed Producer (LP) fired 12% of its workforce as part of a global reorganization cost cutting initiative. During the last two years, the Canadian LP has closed several facilities…

EDMONTON, AB, May 18, 2022 /PRNewswire/ - Aurora Cannabis Inc. (the "Company" or "Aurora") (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, announced today the company has received EU-GMP certification for its state-of-the-art medical cannabis production facility in Germany. As a leading manufacturer of medical cannabis worldwide, achieving EU-GMP certification…

During the last year, we have consistently covered how research analysts at broker-dealers have been lowering price targets and ratings on Canadian Licensed Producers (LPs).  These changes have been primarily related to lowering sales expectations, shirking profit margins, and rising net losses. In the near future, we do not expect…

From leading ancillary cannabis businesses to large scale Canadian Licensed Producers (LPs), broker-dealers continue to send bearish indicators to the market by lowering price targets on the companies they cover, respectively.  Although Canopy Growth Corporation (TSX: WEED) (Nasdaq: CGC) and Aurora Cannabis (TSX: ACB) (Nasdaq: ACB) have been the subject…

So far, 2022 is already proving to be a volatile year for the global economy and we are not even through the first month. From rising interest rates to surging COVID cases, we expect the market to continue to trade in a volatile way.  Although we are concerned with the…