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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ACB
News
- Aurora Cannabis Inc (NYSE: ACB) was downgraded by analysts at Zacks Investment Research from a "buy" rating to a "hold" rating.MarketBeat
- Aurora Cannabis (ACB): Transformation on Track [Yahoo! Finance News]Yahoo! Finance News
- Medical vs. Recreational Cannabis: Which Is the Future? [The Motley Fool]The Motley Fool
- Experts See CBG as the Minor Cannabinoid With Major Potential for Medicinal UsesPR Newswire
- Aurora Cannabis Appoints International Consumer Packaged Goods Executive Miguel Martin as Chief Commercial OfficerPR Newswire
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ACB
SEC Filings
- 7/6/20 - Form 6-K
- 6/30/20 - Form 6-K
- 6/29/20 - Form 6-K
- ACB's page on the SEC website
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