ACB - Aurora Cannabis Inc.

NYSE - NYSE Delayed Price. Currency in USD
2.3400
+0.0600 (+2.63%)
At close: 4:00PM EST
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Previous Close2.2800
Open2.1800
Bid2.3200 x 36100
Ask0.0000 x 38800
Day's Range2.1400 - 2.4500
52 Week Range2.1400 - 10.3200
Volume55,767,014
Avg. Volume17,066,841
Market Cap2.471B
Beta (3Y Monthly)1.97
PE Ratio (TTM)10.83
EPS (TTM)0.2160
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (17,011.40, down 13.71 points.)Aurora Cannabis Inc. (TSX:ACB). Health care. Up 11 cents, or 3.67 per cent, to $3.11 on 26.4 million shares.Enbridge Inc. (TSX:ENB). Energy. Down 32 cents, or 0.64 per cent, to $49.94 on 7.1 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Up 12 cents, or 0.46 per cent, to $26.08 on 7 million shares.Encana Corp. (TSX:ECA). Energy. Down 24 cents, or 4.36 per cent, to $5.26 on 5.8 million shares.The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Up eight cents, or 12.31 per cent, to 73 cents on 5.7 million shares.Aphria Inc. (TSX:APHA). Health care. Up 65 cents, or 12.92 per cent, to $5.68 on 5.5 million shares. Companies in the news:Canadian National Railway. (TSX:CNR). Down $1.11 to $122.65. A growing number of industries are sounding the alarm over a strike by roughly 3,200 Canadian National Railway Co. workers, warning the work stoppage will dent revenues and could trigger layoffs and closures. The Teamsters Canada Rail Conference announced the strike Monday night after the two parties failed to reach a deal by the midnight deadline. Conductors, trainpersons and yard workers took to the picket lines Tuesday, halting freight trains across the country after CN confirmed last week it was cutting jobs as it deals with a weakening North American economy that has eroded demand. The work stoppage triggered worries among grain elevator operators and farmers — more than 90 per cent of grain is moved by rail — about lost sales and contract penalties.Encana Corp. (TSX:ECA).— A Canadian investment management firm with a four per cent stake in Calgary-based Encana Corp. says it will vote against Encana's plan to move its headquarters to the United States. Letko, Brosseau & Associates Inc. says the planned move to Denver would lead to Encana's removal from S&P/TSX stock indexes. That would mean investors holding Encana through indexed Canadian funds or with Canadian-only investment policies would have to sell Encana shares, a move the investor says would compound the 70 per cent decline in share price experienced since Sept. 30, 2018. Encana recently announced the headquarters move as part of a reorganization that would include changing its name to Ovintiv, as well as a share consolidation.George Weston Ltd. (TSX:WN). Up 60 cents to $105.08. The parent company of one of Canada's largest grocers outperformed analyst expectations as its third-quarter profit rose while the company works through its multi-year transformation plan. George Weston Ltd.'s third-quarter results are "a full baguette higher than forecast," wrote Irene Nattel, an RBC Dominion Securities Inc. analyst, in a note. The retail, bakery and real estate business announced Tuesday that its quarterly profit attributable to common shareholders for the 16 weeks ended Oct. 5 was $69 million or 44 cents per diluted share. That compared with a profit of $51 million attributable to common shareholders, or 40 cents per diluted share, in the same quarter last year.TC Energy Corp. (TSX:TRP). Up five cents to $67.98. TC Energy Corp. is looking at "optimizing" unaffected parts of its Keystone pipeline and will use drag reducing agents to ease volume losses following a spill in North Dakota, Paul Miller, vice-president of liquids pipelines, reported Tuesday. The pipeline was restarted at lower pressure and capacity last week after being offline for almost two weeks following a leak that spilled an estimated 1.4 million litres or 9,100 barrels of oil in a field near Edinburg, N.D. It's unknown when U.S. regulators will allow it to return to full pressure, said Miller, speaking at the energy transport and power company's investor day. He said it will take about two months for an independent lab to complete its analysis of the damaged section of pipe that was removed and replaced.This report by The Canadian Press was first published Nov. 19, 2019.The Canadian Press

  • GlobeNewswire

    HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Aurora Cannabis (ACB) Investors to Contact Its Attorneys, Announces Securities Fraud Investigation

    Hagens Berman urges Aurora Cannabis Inc. (ACB) investors who have suffered losses on or before Nov. 15, 2019 to submit their loss now to learn if they qualify to recover compensable damages. The firm has opened an investigation into Aurora Cannabis and investors may have valuable claims under the federal securities laws. Aurora Cannabis has repeatedly referred to itself as a “global leader in cannabis revenues, cannabis production, research, innovation, and international market development” and promoted its “continued transparency and disclosure.”  As recently as Oct. 3, 2019, the Company provided investors a construction update on its operations and growth initiatives, including on its Aurora Sun and Aurora Nordic 2 projects, touting that Aurora continues to progress construction of the “Sky Class” facilities.

  • Business Wire

    INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Aurora Cannabis Inc. and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm

    The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Aurora Cannabis Inc. (“Aurora” or “the Company”) (NYSE: ACB) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

  • CNW Group

    Aurora Cannabis Provides Preliminary Update on Convertible Debenture Temporary Early Amended Conversion Privilege

    EDMONTON , Nov. 19, 2019 /CNW/ - Aurora Cannabis Inc. (the "Company" or "Aurora") (NYSE │ TSX: ACB), the Canadian company defining the future of cannabis worldwide, announced today that the Company has received notice from holders of the Company's CAD $230 million 5% unsecured, convertible debentures due March 9, 2020 (the "Debentures"), representing approximately CAD $216 million principal amount, or approximately 94%, of the Debentures, voluntarily electing to convert their Debentures pursuant to the alternate settlement procedures as outlined in the indenture dated March 9, 2018 , as supplemented by the first supplemental indenture dated November 14, 2019 , between the Company and Computershare Trust Company of Canada (the "Supplemented Indenture"). The Company will issue a press release on November 22, 2019 after the close of trading of the stock exchanges, confirming the Amended Early Conversion Price (as defined in the Supplemented Indenture) and the Amended Early Conversion Ratio (as defined in the Supplemented Indenture).

  • ACCESSWIRE

    SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Aurora Cannabis Inc. and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm

    LOS ANGELES, CA / ACCESSWIRE / November 19, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Aurora Cannabis Inc. ("Aurora" or "the Company") (NYSE:ACB) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Aurora announced its first quarter results on November 14, 2019.

  • Business Wire

    Glancy Prongay & Murray LLP Announces Investigation on Behalf of Aurora Cannabis Inc. Investors

    Glancy Prongay & Murray LLP announces an investigation on behalf of Aurora Cannabis Inc. investors concerning the Company and its officers’ possible violations of federal securities laws.

  • ACCESSWIRE

    IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces it is Investigating Claims Against Aurora Cannabis Inc. and Encourages Investors with Losses in Excess of $500,000 to Contact the Firm

    LOS ANGELES, CA / ACECSSWIRE / November 18, 2019 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Aurora Cannabis Inc. ("Aurora" or "the Company") (NYSE:ACB) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Aurora announced its first quarter results on November 14, 2019.

  • Business Wire

    INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation on Behalf of Aurora Cannabis Inc. Investors

    Law Offices of Howard G. Smith announces an investigation on behalf of Aurora Cannabis Inc. (“Aurora” or the “Company”) (NYSE: ACB) investors concerning the Company and its officers’ possible violations of federal securities laws. On November 14, 2019, the Company released an earnings report in which it reported a 24% sequential decline in revenue of C$75.3 versus C$98.9 in the previous quarter. In addition to this decline in revenue, the Company also announced that plans to finalize construction of additional grow facilities in both Denmark and Canada have been delayed.

  • Business Wire

    INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Aurora Cannabis Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

    The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Aurora Cannabis Inc. (“Aurora” or “the Company”) (NYSE: ACB) for violations of the securities laws. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors.

  • Business Wire

    ACB LOSS ALERT: ROSEN, A TOP RANKED LAW FIRM, Announces Investigation of Securities Claims Against Aurora Cannabis Inc. – ACB

    Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Aurora Cannabis Inc. resulting from allegations that Aurora may have issued materially misleading business information to the investing public.

  • Options Traders Expect Huge Moves in Aurora (ACB) Stock
    Zacks

    Options Traders Expect Huge Moves in Aurora (ACB) Stock

    Investors need to pay close attention to Aurora (ACB) stock based on the movements in the options market lately.

  • Another Week in Red for Cannabis Investors as Earnings Disappoint
    The Motley Fool

    Another Week in Red for Cannabis Investors as Earnings Disappoint

    Here's a look at Aurora Cannabis stock's massive decline post-earnings.

  • Why America's legal weed sales could triple in the next 5 years
    Yahoo Finance

    Why America's legal weed sales could triple in the next 5 years

    Leaders in the cannabis space Aurora and Canopy Growth both reported disappointing earnings this week, but one expert projects the U.S. cannabis market will reach $30 billion in the next five years. 

  • Aurora shares sink on weak results and halting construction of cannabis plants
    The Canadian Press

    Aurora shares sink on weak results and halting construction of cannabis plants

    Aurora Cannabis Inc. shares sank to a two-year low Friday after its revenues missed expectations and the pot producer announced it was halting construction at one production facility and pausing work at another to save more than $190 million in planned expenses.The Edmonton-based company's shares fell to a low of $3.57 and closed down 79 cents or 18 per cent to $3.59 in trading on the Toronto Stock Exchange.Aurora announced after markets closed on Thursday that it will immediately cease construction of its Aurora Nordic 2 facility in Denmark to save about $80 million over the next year, as well as indefinitely defer completion of construction and commissioning at its Aurora Sun facility in Alberta to conserve $110 million."We're making sound decisions in reducing capex based on global demand," founder and CEO Terry Booth said during a conference call.The company said it is adjusting the construction timeline for both facilities to more closely align with its expectations for the timing of increasing Canadian and international demand."The past few months have been challenging for the broader cannabis industry between issues of governance, evolving consumer demand and provincial retail bottlenecks, there's been no shortage of negative news," added chief corporate officer Cameron Battley."That said, I want to reiterate that our view of the opportunity in the Canadian and global cannabis industry is still extremely robust. It's important to remind ourselves that the Canadian consumer market is just over a year old. These issues will take a little time to resolve. But in the end, we'll be a stronger business because of it."The construction decisions come as the company reported net income of $10.4 million for the quarter ending Sept. 30, compared with net income of $104.2 million for the same quarter last year.Aurora missed expectations as its adjusted earnings before interest, depreciation and amortization (EBITDA) was negative $39.7 million for its first quarter of fiscal 2020. That compared with a loss of $67.6 million a year earlier and a loss of $11.7 million the fourth quarter ended in June.Revenues were $75.3 million in the first quarter, up from $29.7 million for the same quarter last year, but down from the $94.6 million in the prior quarter.Analysts had expected adjusted EBITDA loss of $18.6 million and revenue of $93.31 million, according to financial markets data firm Refinitiv.While medical marijuana sales grew three per cent from the fourth quarter as the number of patients hit a record 91,000, consumer cannabis sales dropped 33 per cent on slowing demand from provinces as they work through high inventory levels.Analyst John Chu of Desjardins Capital Markets slashed his target price for Aurora by more than half to $6.50 per share after cutting his sales and EBITDA forecasts following Aurora's release of its first-quarter results."We still believe there remains tremendous growth in the sector and have maintained similar year-over-year sales growth rate estimates for our fiscal year 2021-2023 forecast periods, but operating off a lower base following the soft first quarter results," he wrote in a report, adding that he's maintaining his buy rating."Aurora is generating industry-leading gross margins, improving cost per gram and has award-winning strains that should continue to resonate with consumers."Despite some of the negative results, Battley said its cash cost to produce fell 25 per cent to 85 cents per gram, the average net selling price per gram was up seven per cent, kilograms produced climbed 43 per cent to 41,436 kilograms and its gross margin was stable at 58 per cent "which is head and shoulders above our peers."Based on these returns, Aurora says it would need to generate $130 million of revenue to become profitable, less than half the total that would be required by a comparable company earning lower margins.The company said it is preparing to supply new products, referred to as Cannabis 2.0, that have recently become legal that it says will help to reduce the illegal market.I'm excited as hell about 2.0," said Booth. "I know I'm supposed to be told be conservative, Terry, but I really am pumped about how Aurora has done its job and getting ready for 2.0. And all indicators from our retailers, from our provinces, from Health Canada and all the little hints that you hear says that Aurora is at the top of that pack as well. So we're pretty pumped."This report by The Canadian Press was first published Nov. 15, 2019.Companies in this story: (TSX:ACB) Ross Marowits, The Canadian Press

  • Why a 'blue wave' in 2020 could set cannabis stocks up to double
    Yahoo Finance

    Why a 'blue wave' in 2020 could set cannabis stocks up to double

    While some market analysts point to a blue wave being value destructive to the overall market, it could boost cannabis stocks, says CFRA's Garrett Nelson.

  • Should Beaten-Down Aurora Cannabis (TSX:ACB) Stock Be on Your 2020 Buy List?
    The Motley Fool

    Should Beaten-Down Aurora Cannabis (TSX:ACB) Stock Be on Your 2020 Buy List?

    Could this be the best time to buy Aurora Cannabis's (TSX:ACB)(NYSE:ACB) stock cheap as sentiment worsens for the marijuana industry?

  • High Tide Issues $2 Million of Convertible Debentures
    CNW Group

    High Tide Issues $2 Million of Convertible Debentures

    CALGARY , Nov. 15, 2019 /CNW/ - High Tide Inc. ("High Tide" or the "Company") (HITI.CN) (HITIF) (2LY.F), an Alberta -based, retail-focused cannabis corporation enhanced by the manufacturing and wholesale distribution of smoking accessories and cannabis lifestyle products, today announced that it has issued unsecured convertible debentures of the Company (the "Debentures") under a non-brokered private placement (the "Offering") with proceeds of $2,000,000 . The proceeds of the Offering will be used by High Tide to fund the construction of its next Canna Cabana and KushBar stores as well as for general working capital purposes.

  • Market Exclusive

    Cannabis Stock News Roundup November 15

    The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US: TGODF) reported its financial and operational results for the three and nine months ended September 30, 2019. The company experienced a loss of C$20.1 million for the third quarter. The important move TGOD made in the quarter was entering the recreational market with a small pilot in Ontario. […]The post Cannabis Stock News Roundup November 15 appeared first on Market Exclusive.

  • Market Exclusive

    Market Morning: Alibaba Goes Hong Kong, Uber Dump, Alzheimer’s Hope, Cannabis Collapse

    Alibaba, Now May Not Be the Best Time to IPO in Hong Kong Alibaba (NYSE:BABA) is going public in Hong Kong with a $13.4 billion listing, and it’s putting extra stress on the Hong Kong banking system specifically at a time when the island is on the verge of exploding in cacophonous riots leading to […]The post Market Morning: Alibaba Goes Hong Kong, Uber Dump, Alzheimer's Hope, Cannabis Collapse appeared first on Market Exclusive.

  • Aurora Cannabis Inc. (ACB) Q1 Earnings Surpass Estimates
    Zacks

    Aurora Cannabis Inc. (ACB) Q1 Earnings Surpass Estimates

    Aurora Cannabis Inc. (ACB) delivered earnings and revenue surprises of 133.33% and -21.69%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

  • Why Marijuana Stocks Plummeted in 2019
    Zacks

    Why Marijuana Stocks Plummeted in 2019

    Marijuana stocks were on a tear last year, but 2019 has sent stock tumbling back down to Earth. What happened?

  • Aurora Cannabis halts construction plans after miss in latest quarter
    Yahoo Finance Canada

    Aurora Cannabis halts construction plans after miss in latest quarter

    The pot producer has announced plans to shore up its balance sheet that include halting construction plans at facilities in Alberta and Denmark.