Why Aurora Cannabis Stock Dropped 10% This Morning [The Motley Fool]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: The Motley Fool
What happenedCanadian cannabisAurora Cannabis(NYSE:ACB$0 million dealThat sounds like good news, but investors don't seem convinced that itImage source: Getty Images.So whatAurora interim CEO Michael Singer says the merger will "create a market leading international cannabinoid platform that we believe can deliver robust revenue and profitable growth." Investors, however, seem more worried about the price Aurora paid for that growth.At $0 million, the purchase price is about three times Reliva's $. million in estimated annual sales -- which would be a bargain. (Aurora's own shares fetch 6.6 times trailing sales.) If Aurora ends up paying the extra $ million it has agreed to, for hitting "milestones," however, the purchase price will be something closer to 6 times sales -- still a bargain relative to Aurora's own stock valuation, but much slimmer.Now whatAlso of concern: Forty million now and perhaps $ million later will take a big chunk out of the $7 million in cash on hand that Auror
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ACB
News
- Aurora Cannabis: Improved Financials, Limited Opportunity [Seeking Alpha]Seeking Alpha
- Aurora Cannabis Inc. (ACB) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- 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
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