03:45:41 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,017,438,714
Close 2019-08-13 C$ 8.82
Market Cap C$ 8,973,809,457
Recent Sedar Documents

FP/wire say Aurora shares advance after Q2 posting

2019-08-13 08:20 ET - In the News

Also In the News (C-CRON) Cronos Group Inc
Also In the News (C-TRST) Canntrust Holdings Inc

The Financial Post reports in its Tuesday edition that pot producers post results this week. A Bloomberg dispatch to the Post reports that Jefferies analyst Ryan Tomkins says, "Names who can show a route to profitability (or are there now) have the greatest likelihood attracting near-term investor interest." One example is Aurora Cannabis, which gained 8.2 per cent last Tuesday when it said it "continues to track towards positive adjusted EBITDA, and in particular adjusted EBITDA from cannabis operations." This actually appeared to be a bit of a climb-down from earlier statements that it would achieve sustained positive earnings before interest, taxes, depreciation and amortization by the quarter ended June 30, but hearing the word "positive" seemed please investors. Cronos Group, meanwhile, has lost 7.3 per cent since it posted a wider EBITDA loss and said it expects that metric to worsen in the back half of the year as it prepares to launch new products. Market share will be another interesting theme to watch after Canntrust Holdings moved to halt sales and shipments of its products in the wake of regulatory breaches. About 95 per cent of its products are now out of stock, says a Cowen & Co. survey.

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