Aurora Cannabis stock slides premarket as Piper initiates coverage with neutral rating [MarketWatch]
Aurora Cannabis stock slides premarket as Piper initiates coverage with neutral rating Piper Jaffray initiated coverage of a range of cannabis stocks on Tuesday, assigning overweight ratings, the equivalent of buy, to Cresco Labs Inc. CRLBF, -0.47% , Charlotte's Web Holdings Inc. CWBHF, +2.57% , CV Sciences Inc. CVSI, -1.28% , Cronos Group Inc. CRON, -1.13% CRON, +2.11% and Green Thumb Industries Inc. GTBIF, -3.49% , but rating Aurora Cannabis Inc. ACB, +0.80% ACB, +1.05% as neutral. "Aurora has a premium valuation relative to peers but less visibility on these key growth opportunities," said analysts led by Michael Lavery, referring to Canada, the EU, the U.S. CBD and U.S. THC markets. "It has leading scale in Canada, but oversupply looks likely in 2020 (analysis inside note). EU-GMP certification at scale is a slow, opaque process and still pending, and without visibility on US market entry (CBD or THC), Aurora's relatively rich valuation does not yet look
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- Why Cannabis Stocks Aphria, Aurora Cannabis, Charlotte's Web, and Tilray Slid Today [The Motley Fool]The Motley Fool
- Are Higher THC Levels In Legal Cannabis Becoming Too HighPR Newswire
- Aurora Cannabis Inc. (<a href="https://www.marketbeat.com/stocks/NYSE/ACB/price-target/">NYSE: ACB</a>) had its price target lowered by analysts at CIBC from $18.50 to $15.00. They now have a "neutral" rating on the stock.MarketBeat
- Companies Partner with Researchers to Identify New Uses of Hemp ProductsPR Newswire
- New York Inches Closer to Legalizing Recreational Cannabis [TheStreet.com]TheStreet.com
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SEC Filings
- 3/30/21 - Form F-10/A
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