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Stock impact report

Aurora Cannabis: Growing Orchids, Vegetables, And New Strains Of Cannabis [Seeking Alpha]

Aurora Cannabis Inc. - Common Shares (ACB) 
Company Research Source: Seeking Alpha
Cannabis companies are being forced to change plans, diversify and cut costs. Aurora Cannabis has undergone a business restructuring plan, focusing on improving the cannabis business, diversifying into non-cannabis crops, and repurposing excess production facilities. Aurora Cannabis ( NASDAQ: ACB ) has changed its management and strategy, diversified into new markets, and begun to develop its own strains of Cannabis plants. The new markets are unproven, and I am not convinced they will solve the over-capacity issue that plagues Aurora. The Seeking Alpha Quant rating is currently a buy, but the same page has Wallstreet forecasting a price target below its current value. Aurora shares have been trading below $1 recently, but I still cannot find a reason to invest. The cannabis sector showed enormous growth when it arrived in 2019, fueled by the belief that the US was close to the federal legalization of Cannabis for recreational use and that legalization would drive near-exponent Show less Read more
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