Aurora rises as Q4 pot production expected at high end of guidance [Business News Network (BNN) Energy & Resources (Canada)]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: Business News Network
Aurora rises as Q4 pot production expected at high end of guidance EDMONTON -- Aurora Cannabis Inc. ( ACB.TO ) shares soared briefly before giving up most of their gains Tuesday after the cannabis producer estimated its fourth-quarter production available for sale was at the high end of its previous guidance, or above. The Edmonton-based company's shares rose as much as 13 per cent to an intraday high of $9.51 on the Toronto Stock Exchange before falling back to $8.78, up 39 cents or five per cent from the previous close on Friday. Earlier, Aurora announced its estimated production available for sale was between 25,000 and 30,000 kilograms -- above the company's previous guidance of 25,000 kilograms. Aurora also estimated its revenue from all sources will rise to between $100 million and $107 million, but didn't provide an estimate on fourth quarter kilograms sold, average price per gram or earnings. The company's estimated fourth-quarter net revenue range was below an average analyst
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- This Could be One of the Biggest Catalysts for Cannabis in 2022 [MarketWatch]MarketWatch
- Aurora Cannabis Inc. (<a href="https://www.marketbeat.com/stocks/NYSE/ACB/price-target/">NYSE: ACB</a>) was downgraded by analysts at Zacks Investment Research from a "hold" rating to a "sell" rating.MarketBeat
ACB
Sec Filings
- 1/4/22 - Form 6-K
- 1/4/22 - Form 6-K
- 12/14/21 - Form 6-K
- ACB's page on the SEC website