Why Aurora Cannabis Should Get Out of Europe and Other International Markets [The Motley Fool]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: The Motley Fool
Aurora Cannabis(NYSE:ACBHowever, a better move for the company would be to simply close up shop in Europe and other international markets entirely, and here's why.The markets outside North America are too smallEurope's one of the more appealing pot markets outside of North America, but unfortunately, that's not saying a whole lot. In 09, the entire European cannabis market was worth just $60 million.Image source: Getty Images.By comparison, in Canada's first year with the recreational market open for business, sales totaled 908 million Canadian dollars ($677 million USD), and that was with manybumpsAnd while it may take years before marijuana is legal across the U.S., it's likely well worth the wait. From January through to May of this year, the state of Colorado alone generated more than $779 million in marijuana sales. Retail cannabis sales (both medical and recreational) for the U.S. are on track to hit $ billion this year, a 0% increase from a year ago, and they could hit $7 billi
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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