Aurora Cannabis (ACB): The Stock Is Too Hot on U.S. CBD Entry [Yahoo! Finance News]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: Yahoo! Finance News
In just a couple of weeks, Aurora Cannabis ACBThe stock originally surged over 36% on the news leading to an increase in the stock value by over $500 million. Aurora Cannabis has cooled off some following the weak quarter from Canopy Growth, but investors need to realize that the CBD space in the U.S. is still held back by FDA restrictions.Wall Street is not convinced that Aurora's reward is worth all the risk, especially when taking note thatTipRanksstock price forecastU.S. CBD DealAurora Cannabis bought Reliva, LLC for $40 million in stock plus an earn-out potential of up to an additional $45 million in stock and cash. The deal is forecast to be EBITDA accretive to Aurora principally due to the company having large EBITDA losses currently so any acquisition with positive EBITDA is accretive.Cantor analystPablo ZuanicThe CBD market is still projected to reach a high end of $24 billion in 2025 according to Brightfield, but the numbers are highly dependent on the FDA removing restricti
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News
- 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, BRNS and EDUC among mid-day movers [Seeking Alpha]Seeking Alpha
- Is Aurora Cannabis Set to Take Off After Soaring 39% in the Past Month? [Yahoo! Finance]Yahoo! Finance
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