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Stock impact report

Aurora Cannabis Pivots to Medical-Only, Eyes Germany & Australia Growth at TD Cowen Conference [Yahoo! Finance]

Aurora Cannabis Inc. - Common Shares (ACB) 
Company Research Source: Yahoo! Finance
Germany, Australia and Poland) and expanding internal GMP manufacturing in Canada and Germany to ensure reliable, pharma-like supply. The company reported CAD 94 million in revenue (˜7% YoY) with global medical revenue up to CAD 212 million YTD and claims industry-leading profitability with margins in the mid-to-high 60s% , while establishing an ATM facility of up to $100 million for capacity and strategic M&A. Aurora is scaling back its Canadian consumer business and divesting its plant propagation unit to simplify operations and improve adjusted EBITDA margins, noting some one-time transition costs in the current quarter. Interested in Aurora Cannabis Inc.? Here are five stocks we like better. Profit from the Green Wave: Top Cannabis Stocks to Watch Aurora Cannabis (NASDAQ:ACB) Chief Financial Officer Simona King outlined the company's recent strategic pivot toward medical cannabis and international expansion during a fireside chat at the TD Cowen Healthcare Conference, em Show less Read more
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