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Stock impact report

Is Aurora Cannabis (ACB) One of Best Tobacco and Cigarette Stocks to Look at [Yahoo! Finance]

Aurora Cannabis Inc. - Common Shares (ACB) 
Company Research Source: Yahoo! Finance
As of April 15 closing, broader consensus sentiment around Aurora Cannabis Inc. (NASDAQ:ACB) was strongly bullish. The stock received coverage from 3 analysts, all of whom assigned Buy ratings. With a median 1-year target price of $6.68, it yields more than 85% upside potential at the current level, making it an attractive investment opportunity within the cannabis space. Copyright: thommorrisphotography / 123RF Stock Photo Another interesting aspect of the case is the company's inorganic growth strategy. On April 15, it acquired Safari Flower Co., a company engaged in the cultivation and manufacturing of cannabis. This stock-and-cash deal is valued at a sum of around $26.5 million and involves a $2 million contingent cash payment. The transaction gives Aurora access to Safari's 59,000-square-foot Ontario facility for indoor cultivation and manufacturing. Aurora views this acquisition to be in line with the company's expansion strategy, which will also facilitate penetration in Show less Read more
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