|Bid||4.8400 x 0|
|Ask||4.8500 x 0|
|Day's Range||4.8000 - 5.1200|
|52 Week Range||4.6600 - 14.2800|
|Beta (3Y Monthly)||2.46|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov. 11, 2019 - Nov. 15, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||8.85|
Today, the cannabis sector was down alongside the broader US equity market. Take a look at the cannabis stocks and ETFs' and Juul's big announcement.
The vaping crisis has brought on some twists and turns for the cannabis sector. New York courts are now weighing an e-cigarette ban.
The Cannabis 2.0 era has officially started. Now, Canadians can legally access a host of cannabis-infused products like beverages, vapes, and edibles.
Despite vaping concerns, Aurora Cannabis plans to introduce vape products in December. Reports of vaping-related illnesses started in late August.
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (16,426.30, down 0.88 of a point).Aurora Cannabis Inc. (TSX:ACB). Health care. Up 37 cents, 7.81 per cent, to $5.11 on 8.8 million shares.First Quantum Minerals Ltd. (TSX:FM). Materials. Up $1.13, or 11.33 per cent, to $11.10 on 6.2 million shares.Encana Corp. (TSX:ECA). Energy. Down eight cents, or 1.42 per cent, to $5.55 on 5.1 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Down seven cents, or 4.19 per cent, to $1.60 on 4.8 million shares.Cronos Group Inc. (TSX:CRON). Health care. Up 57 cents, or 5.17 per cent, to $11.60 on 4.3 million shares.OceanaGold Corp. (TSX:OGC). Materials. Up nine cents, or 2.92 per cent, to $3.17 on 4 million shares. Companies in the news:Nutrien Ltd. (TSX:NTR). Down 71 cents to $64.53. Australian mining giant BHP Group Ltd. says it hopes to make a final investment decision on a massive potash project in Saskatchewan in early 2021\. The company says its board of directors will be asked to decide the fate of the long-delayed Jansen project about 140 kilometres east of Saskatoon in February 2021. Prices for potash, a light coloured mineral used as a crop fertilizer, have plunged due to a global oversupply, leading to layoffs and mine production interruptions in Canada. Last month, Canadian fertilizer company Nutrien Ltd. announced eight-week inventory shutdowns at three of its potash mines in Saskatchewan, potentially affecting up to 700 workers.Barrick Gold Corp. (TSX:ABX). Up 11 cents to $22.49. Barrick Gold Corp. says its full-year production is trending towards the upper end of its guidance for 5.1 million to 5.6 million ounces. The gold miner says preliminary third quarter sales amounted to 1.32 million ounces of gold and 64 million pounds of copper, while preliminary production figures for the quarter totalled 1.31 million ounces of gold and 111 million pounds of copper. Barrick also said costs are likely to be at the lower end of its forecast. In August, Barrick had forecast gold cash costs of $650 to $700 an ounce for 2019 and all-in sustaining costs of $870 to $920 an ounce.Hexo Corp. (TSX:HEXO). Up 56 cents or 17.23 per cent to $3.81. The joint venture between beer giant Molson Coors and pot producer Hexo Corp. says its portfolio of pot-based drinks set to hit the market later this year includes a CBD-infused spring water as well as beverages containing THC. The announcement by Truss Beverage Co. comes one week after its competitor Fluent Beverage Co. — a joint venture between the world's largest brewer Anheuser-Busch InBev and B.C. pot company Tilray Inc. — said it was launching CBD drinks as early as December, but it was not yet able to develop a formulation for THC. Truss chief executive Brett Vye said it has developed a beverage containing tetrahydrocannabinol (THC), the compound in cannabis that produces a high, and it aims to launch various drinks containing the active ingredient by December. This report by The Canadian Press was first published Oct. 17, 2019.The Canadian Press
On Wednesday, Aurora Cannabis gave a preview of its Cannabis 2.0 strategy. The company provided plans for the roll-out of edibles, concentrates, and vapes.
In 2007, New Mexico was the 12th state to legalize medical cannabis in the US. However, the state hasn't legalized marijuana for recreational use.
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EDMONTON, Oct. 16, 2019 /CNW/ - On the one-year anniversary of consumer legalization in Canada, Aurora Cannabis Inc. ("Aurora") (NYSE | TSX: ACB), the Canadian company defining the future of cannabis worldwide, announced plans for the roll-out of vapes, concentrates, and edibles when they are permitted for sale to consumers in December. The Company has prioritized its resources to prepare for a successful initial launch that will support an ongoing replenishment strategy to help ensure consumers across Canada will have access to a diverse portfolio of high-quality derivative products they want to buy. You can watch a compilation of our commercial production of vapes, mints, chocolates and gummies HERE.
Pineapple Express actor Seth Rogen founds cannabis brand, Houseplant, with Evan Goldberg and teams up with Canopy Growth (TSX:WEED)(NYSE:CGC).
On October 15, Aurora Cannabis closed at $3.76, up 7.12% from the previous session. This performance lagged the S&P; 500’s 1.00% rise on the day.
With a boost from Aphria’s (APHA) impressive first-quarter earnings, cannabis stocks and ETFs were trading higher today. Let's take a closer look.
October has been tough for the cannabis sector. As of Monday, MedMen was trading at 1.58 Canadian dollars, which represents a fall of 18.6% this year.
Mexico is fast approaching its October 23 marijuana legalization deadline. Multiple legalization proposals before parliament are creating confusion.
Aurora Cannabis (ACB) stock is currently down 29.23% on the NYSE on a YTD (year-to-date) basis. The company has lost 14.81% of its value since October 1.