03:30:58 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 998,596,023
Close 2019-02-25 C$ 9.59
Market Cap C$ 9,576,535,861
Recent Sedar Documents

Globe says consolidation seen coming to Aurora, rivals

2019-02-26 08:15 ET - In the News

Also In the News (C-CRON) Cronos Group Inc
Also In the News (C-EMH) Emerald Health Therapeutics Inc
Also In the News (C-OGI) Organigram Holdings Inc
Also In the News (C-TGOD) Green Organic Dutchman Holdings Ltd (The)
Also In the News (C-TRST) Canntrust Holdings Inc
Also In the News (C-WEED) Canopy Growth Corp

The Globe and Mail reports in its Tuesday, Feb. 26, edition that though it initiated coverage of the cannabis sector with a bullish view, Jefferies Financial Group expects increased consolidation in the industry and further moves by major consumer goods companies to take positions. The Globe's David Leeder writes in the Eye On Equities column that Jefferies gave "buy" ratings to Aurora Cannabis (with a $12 share target), Green Organic Dutchman Holdings (with a $6.10 target), CannTrust Holdings (with a $15 target) and OrganiGram Holdings (with a $10 target). Jefferies gave "hold" ratings to Canopy Growth (with a $64 target) and Emerald Health Therapeutics (with a $4.30 target). Meanwhile, Cronos Group was given an "underperform" rating under the belief there is little to get excited about with the stock beyond Altria Group's investment. Jefferies said, "We also question when Altria value creation will begin to materialise, especially as there appears little near-term appetite to put the Altria money to work." The stock was given a $17 target, which falls below the average of $19.57.

© 2024 Canjex Publishing Ltd. All rights reserved.