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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- As New States Enter the Legal Cannabis Market Demand for Cannabis Detection Devices GrowsPR Newswire
- As New States Enter the Legal Cannabis Market Demand for Cannabis Detection Devices GrowsPR Newswire
- The close: Materials sector leads modest gain for TSX [Toronto Globe and Mail (Ontario, Canada)]Toronto Globe and Mail
- At midday: TSX flat as losses in consumer staples offset by gains commodity stocks [Toronto Globe and Mail (Ontario, Canada)]Toronto Globe and Mail
- TSX flat as losses in consumer staples offset by gains commodity stocks [Financial Post (Toronto, Ontario, Canada)]Financial Post
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- 9/27/21 - Form 6-K
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