12:02:50 EDT Sat 27 Apr 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc (2)
Symbol ACB
Shares Issued 473,796,641
Close 2023-10-17 C$ 0.70
Market Cap C$ 331,657,649
Recent Sedar Documents

Globe/CP say Aurora Cannabis finds joy in orchids

2023-10-18 08:30 ET - In the News

The Globe and Mail reports in its Wednesday edition that when Miguel Martin first visited Bevo Agtech's Langley, B.C., greenhouse, he saw potential bursting from every corner. A Canadian Press dispatch to The Globe says that hundreds of trays of tomato seedlings stretched away under the glow of LED lights. Baskets of blossoming flowers hung from the rafters -- and the company was convinced it already had its next big product line: orchids. Mr. Martin is chief executive officer of Aurora Cannabis and may have seemed like an unlikely buyer for Bevo, an agriculture stalwart still run by the Dutch family that founded it in 1986. However, it was a good match: The Edmonton-based pot giant already had the hulking, temperature-controlled greenhouses Bevo needed to expand, while for Aurora, Bevo's stability would provide some reprieve from the volatile weed industry. Over the five years since cannabis was legalized in Canada, marijuana companies have been constrained by the strength of the illicit market, packaging and tax rules, and harsh U.S. drug laws. As the industry continues its slow crawl toward profitability, many are now heavily focusing on other parts of their companies to protect themselves from further upheaval.

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