16:33:02 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,089,513,408
Close 2020-01-10 C$ 2.15
Market Cap C$ 2,342,453,827
Recent Sedar Documents

FP says Aphria, rival hear cash crunch seen looming

2020-01-10 06:53 ET - In the News

See In the News (C-APHA) Aphria Inc

The Financial Post reports in its Friday edition that licensed producers that had built an international presence have started dialling back, putting projects on hold or unloading foreign operations altogether. The Post's Vanmala Subramaniam writes that it is a trend that is expected to intensify over the next 12 months. Eight Capital analyst Graeme Kreindler says: "Licensed producers are now in a capital constrained environment and investors want to see profitability. This is forcing management teams to take stock of what they have, divest out of non-core assets and focus on what's in their own backyard." In October, Canopy Growth dumped its 15-per-cent interest in Australian pot firm Auscann Group Holdings citing a need to "sharpen" its focus on "wholly-owned operations in the market." That same month Aphria unloaded a substantial portion of its interest in a different Australian weed company, Althea, without providing a reason at the time. More recently, Aurora Cannabis announced it would be suspending construction of Aurora Nordic -- a mammoth, high-tech, fully automated facility in Odense, Denmark, which the company had intended as a supply source for cannabis throughout Europe -- to conserve cash.

© 2024 Canjex Publishing Ltd. All rights reserved.