|Bid||8.92 x 0|
|Ask||8.94 x 0|
|Day's Range||8.89 - 9.21|
|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||14.09|
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.
If I were to rate the Top 3 cannabis companies today, Aurora Cannabis Inc. (TSX:ACB)(NYSE:ACB) would rank no.1 and Aphria Inc. (TSX:APHA)(NYSE:APHA) in third. Canopy Growth Corp. (TSX:WEED)(NYSE:CGC) has fallen to second best.
Brightfield Group estimates that the CBD market could hit about $23.7 billion by 2023. However, regulatory hurdles could impact the US market.
/NOT FOR DISTRIBUTION TO NEWSWIRE SERVICES IN THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES . ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES ...
Secures Two-Year Contract to Continue to Supply Italy with high-quality medical cannabis NYSE: ACB TSX:ACB EDMONTON , July 18, 2019 /CNW/ - Aurora Cannabis Inc. ("Aurora" or the "Company") ...
With the slump in Canopy Growth Corp. (TSX:WEED)(NYSE:CGC)'s stock price, it might be time to consider this stock instead.
Apolo II Acquisition Corp. (the “Corporation”), a “capital pool company” pursuant to the policies of the TSX Venture Exchange (the “Exchange”), is pleased to announce that it has entered into a definitive business combination agreement (the “Definitive Agreement”) dated July 17, 2019 with Terrace Inc. (“Terrace”) and Terrance Acquisition Corp. (a wholly-owned subsidiary of the Corporation) (“Subco”) in furtherance of the Corporation’s previously announced proposed Qualifying Transaction (as such term is defined in Policy 2.4 – Capital Pool Companies of the Exchange’s Corporate Finance Manual (the “Manual”)) (the “Proposed Transaction”). Terrace was incorporated pursuant to the provisions of the Business Corporations Act (Ontario) (the “OBCA”) on August 28, 2018.
Breath of Life International is the new weed game in town, and it's aiming to beat Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) on production capacity
If you'd invested $10,000 in Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) at the beginning of the year, you'd have this much today.