Cannabis News Week: Major Weed Discounts; Germany Advances Policy [TheStreet.com]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: TheStreet.com
Stock markets aren't the only thing contracting in the first half of 2022. The cannabis industry is coming out of the pandemic to the same rocky seas that the stock and crypto markets are experiencing. The situation at Aurora Cannabis may illustrate this new reality best. Aurora announced that it is selling its Sun facility in Alberta for C$47 million ($36 million) in a deal that hasn't closed yet. The selling price is a fraction of the more than C$250 million the company spent on the greenhouse facility. The move has been a long time in coming — the company initially closed the facility indefinitely in November 2020. But the deal comes just weeks after the company announce the sale of its flagship Aurora Sky facility in Edmonton. The Sun greenhouse was initially planned to be the largest in the world with a projected capacity above 230,000 kilograms per year. Turns out the current Canadian cannabis market can't support a facility with that much production power the facility w
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ACB
Analyst Actions
- 2/8/24 - CANACCORD
ACB
Sec Filings
- 3/1/24 - Form 6-K
- 2/16/24 - Form 6-K
- 2/8/24 - Form 6-K
- ACB's page on the SEC website