Is Aurora Cannabis Stock a Buy? [The Motley Fool]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: The Motley Fool
Aurora Cannabis(NYSE:ACBHorizons Marijuana Life Sciences ETFCannabis sales have increased this year amid the pandemic, as the product continues to behave more like a consumer staple. Although revenue numbers look promising, profitability is still in question for many marijuana companies, including Aurora Cannabis. Aurora made some operational changes in June, which it calls "facility rationalizations," to reduce costs and improve its overall financial health. To what extent these measures have helped will be clearer when the company reports its fourth-quarter results on Sept. .The company gave a sneak peek of where it is heading with its preliminary Q results and some other business updates on Sept. 8. And unfortunately, they weren't exactly appealing. Aurora's market cap has slipped from $8.7 million at the start of the year to $79 million as of Sept. 6.Image Source: Getty Images.Aurora's preliminary Q results don't look goodAurora expects that its net revenue for Q will fall in the
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ACB
News
- Aurora Cannabis: Improved Financials, Limited Opportunity [Seeking Alpha]Seeking Alpha
- Aurora Cannabis Inc. (ACB) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- Cannabis Beverages Global Strategic Business Report 2024: Market to Grow by $1.6 Billion by 2030 - Major Alcoholic Beverage Players Seek Role in the Market [Yahoo! Finance]Yahoo! Finance
- Green gold rush, Aurora Cannabis leads pot stock surge [BNN Bloomberg (Canada)]BNN Bloomberg
- CNN values your feedback [CNN]CNN
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