|Bid||8.75 x 0|
|Ask||8.76 x 0|
|Day's Range||8.65 - 8.91|
|52 Week Range||5.29 - 16.24|
|Beta (3Y Monthly)||2.28|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 7, 2019 - May 10, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||13.57|
A recent downgrade of Aurora Cannabis stock (TSX:ACB)(NYSE:ACB) has investors worried that the company might be too risky given all the cash it has been burning through.
Aurora Cannabis (TSX:ACB) (NYSE:ACB) just acquired cultivation licenses from Health Canada; here is why that is good news for investors.
Cronos Group Inc. (TSX:CRON)(NASDAQ:CRON) appears to be a worthy contender to Aurora Cannabis Inc. (TSX:ACB)(NYSE:ACB). Cronos has to match the success of Aurora Cannabis to prove that it is the better investment.
Investing.com - Curaleaf slumped in midday trade Tuesday after receiving a warning letter from the Federal Drug Administration over its promotion of unapproved products containing cannabidiol (CBD).
Medical cannabis is gaining widespread acceptance due to increased awareness. Several countries are looking into cannabis as an alternative for existing medicine.
CALGARY, July 23, 2019 /CNW/ - High Tide Inc. ("High Tide" or the "Company") (CSE:HITI.CN - News) (OTCQB:HITIF - News) (Frankfurt:2LY.F - News), 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 recently signed a 5-year lease, with an option to extend the term, for a warehouse approximately 25,000 square feet in size at Unit #145, 6255 North Hollywood Boulevard in Las Vegas, Nevada (the "Nevada Warehouse") and has begun to develop it as the Company's primary storage and distribution hub in the United States (the "US"). The Nevada Warehouse is a major strategic initiative for High Tide as it facilitates the expansion of its wholesale segment, including over 4,300 SKUs in the RGR Canada and Famous Brandz product catalogues, while providing a location from which to ship orders placed by the thousands of US customers who shop on the Grasscity e-commerce website and enabling the Company to pursue the sale of hemp-derived cannabidiol ("CBD") products in the US and other international markets.
Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) won a huge Italian supply contract that could solidify its place as the leading weed exporter.
Canopy Growth Corp (TSX:WEED)(NYSE:CGC) and Aurora Cannabis Inc. (TSX:ACB)(NYSE:ACB) are showing signs of a rebound, but investors should be cautious right now.
If a few different scenarios play out, it's very bad news for Aurora Cannabis Inc. (TSX:ACB)(NYSE:ACB) and its peers.
Curaleaf is buying expansion with its $875 acquisition of Grassroots. Meanwhile, OrganiGram reported Q3 results, and Aurora Cannabis had a good news/bad news week.
Bitcoin and cannabis stocks like Aurora Cannabis Inc. (TSX:ACB)(NYSE:ACB) have been high-performing asset classes in 2019, and both have attracted major interest from millennial investors.
The TSX was basically flat in Thursday trading while the major U.S. stock exchanges gained ground, despite a 10% decline for Netflix on poor subscriber numbers.
Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) has achieved significant sales growth recently, but that doesn't mean that the stock is the best option for cannabis investors today.
With cannabis stocks like Aurora Cannabis Inc. (TSX:ACB)(NYSE:ACB) and CannTrust Holdings Inc. (TSX:TRST)(NYSE:CTST) falling, are there opportunities for investors, or just more pot problems?
Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (16,494.23, up 10.02 points).Bombardier Inc. (TSX:BBD.B). Down eight cents, or 3.64 per cent, to $2.12 on 9.5 million shares.Barrick Gold Corp. (TSX:ABX). Materials. Up 63 cents, or 2.89 per cent, to $22.46 on 8.4 million shares.Encana Corp. (TSX:ECA). Energy. Down 14 cents, or 2.4 per cent, to $5.70 on 6.2 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Down 63 cents, or 6.51 per cent, to $9.05 on 5.9 million shares.New Gold Inc. (TSX:NGD). Materials. Down 11 cents, or 5.64 per cent, to $1.84 on 5.6 million shares.CannTrust Holdings Inc. (TSX:TRST). Health care. Up 10 cents, or 2.67 per cent, to $3.84 on 5.5 million shares.Companies in the news:Aimia Inc. (TSX:AIM). Up seven cents to $3.84. Grupo Aeromexico is reviewing its partnership with Aimia Inc., the latest problem for the loyalty analytics company which is facing a fight with a group of its shareholders. The Mexican airline says it is "re-evaluating all aspects of its customer loyalty strategy." Aeromexico holds a 51.9 per cent stake in PLM Premier which runs Club Premier, the airline's frequent flyer program. Aimia holds the remaining stake.Canadian Natural Resources. (TSX:CNQ). Down 87 cents, or 2.5 per cent to $33.88. The Alberta Liabilities Disclosure Project says the province's largest oil and gas companies are underestimating how much it will cost to clean up thousands of oil and gas wells drilled over past decades. The coalition of landowners, environmentalists and others is unveiling a list of companies and its estimate of how much it would cost each to remediate its properties if it had to be done today. It says those costs are much higher than the companies estimate because they are assuming they will have decades of cleanup time. The coalition says Calgary-based Canadian Natural Resources Ltd. is facing the largest bill at $11.9 billion to clean up 73,000 oil, gas and bitumen wells in Alberta.The Canadian Press
On Thursday, Bank of America downgraded Aurora Cannabis stock (ACB) to “neutral” from its previous “buy” rating. Here's why.
Aurora Cannabis Inc. has been downgraded by Bank of America Merrill Lynch, citing concern over the company’s cash burn and pending debt payments.