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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News
- Monday’s Insider Report: President of this marijuana producer sells 8 million shares [Toronto Globe and Mail (Ontario, Canada)]Toronto Globe and Mail
- 3 Extremely Popular Stocks to Avoid Like the Plague in April [The Motley Fool]The Motley Fool
- Aurora Cannabis (ACB): A Real Lift or a Dead Cat Bounce? [Yahoo! Finance News]Yahoo! Finance News
- Aurora Cannabis: 2020 Catalysts - Global Expansion [Seeking Alpha]Seeking Alpha
- Top Cannabis Stocks Under $5 [The Motley Fool]The Motley Fool
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ACB
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- 3/27/20 - Form 40-F/A
- 3/16/20 - Form 6-K
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