Could Aurora Cannabis Stock Finally Recover by Year-End? [Yahoo! Finance Canada]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: Yahoo! Finance Canada
Canadian marijuana companies such as Aurora Cannabis TSX:ACB ) have created massive wealth for shareholders in the last five years. Several cannabis stocks, including Aurora Cannabis, were trading near all-time highs when Canada legalized recreational marijuana use six years ago. However, during this period, companies have wrestled with a wide range of industry-related headwinds. For instance, despite the legalization of marijuana, Canadian licensed producers had to compete with the illegal market, leading to cannibalization. Aurora Cannabis and its peers then expanded manufacturing capabilities aggressively, focusing on catering to rising demand. They also considered acquisitions to gain further traction and paid a hefty premium to fuel inorganic growth. Moreover, established players had to contend with rising competition in multiple markets soon after legalization. These factors led to an oversupply of cannabis, high inventory levels, negative profit margins, and goodwill write
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ACB
News
- Is There An Opportunity With Aurora Cannabis Inc.'s (TSE:ACB) 37% Undervaluation? [Yahoo! Finance]Yahoo! Finance
- Better Marijuana Stock: Aurora Cannabis or Tilray Brands? [Yahoo! Finance]Yahoo! Finance
- Aurora Announces Distribution Partnership Between MedReleaf Australia and The Entourage Effect [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Aurora Announces Distribution Partnership Between MedReleaf Australia and The Entourage Effect [Yahoo! Finance]Yahoo! Finance
- Aurora Announces Distribution Partnership Between MedReleaf Australia and The Entourage Effect [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
ACB
Sec Filings
- 11/6/24 - Form 6-K
- 11/6/24 - Form 6-K
- 10/25/24 - Form 6-K
- ACB's page on the SEC website