The summer has been a rough time for Canadian cannabis stocks and Horizons Marijuana Life Sciences ETF (HMMJ.TO) (HMLSF) has fallen approx. 25% from its late June highs.
This weakness has taken place on light volume and we have been closely monitoring this trend. Although the decline has been painful, it does not come as a surprise. During the last three years, we have seen the cannabis sector pullback during the summer months and this year has been no different.
Aurora Cannabis Inc. ("Aurora" or the "Company") (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) is pleased to provide the following update on its international operations.
On October 17th, Canada’s recreational marijuana market will open and companies are laser focused on this opportunity. We have been monitoring developments pertaining to this burgeoning market and have provided an updates on three of the companies focused on this.
Aphria Continues to Execute and Advance Retail Efforts
Aurora Cannabis Inc. ("Aurora")(TSX: ACB) (OTCQB: ACBFF) and Alcanna Inc. ("Alcanna") (TSX: CLIQ) today announced the companies have reached a license agreement whereby Alcanna has been given exclusive rights to open retail cannabis stores under the brand name "Aurora" across Canada. Alcanna's position as the biggest private sector liquor retailer in Canada, aligns with Aurora's position as one of the world's leading cannabis companies.
Aurora Cannabis Inc. ("Aurora" or the "Company") (TSX: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) announced today that it has entered into a letter of intent whereby Aurora intends to acquire the cannabis business of HotHouse Consulting Inc. ("HotHouse"), a provider of advanced greenhouse consulting services.