|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||5.58 - 5.86|
|52 Week Range||1.81 - 12.30|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
In the earlier part of this series, we briefly discussed how the number of cannabis-licensed producers has grown over the years, which has led to the threat of oversupply. Big companies such as Canopy Growth (CGC) (WEED) and Aurora Cannabis (ACB) (ACBFF) have access to capital and can thus push out smaller players. For example, Quebec will limit its supplier base to only six suppliers. If provinces choose fewer suppliers, it likely means they will choose big players (HMMJ) with the ability to meet a large demand, which pressures smaller players (HMJR).
CORAL GABLES, FL / ACCESSWIRE / July 19, 2018 / As Cannabis Prohibition continues to come to an end, there are many marijuana stocks catering to the retail consumer that are flourishing. There are less than 3 months left until the official launch of the sale of legal cannabis in Canada, which sets Canada as the first industrialized country in the world to allow adults to purchase recreational cannabis legally. Technology-based cannabis companies like Leafbuyer Technologies, Inc. (LBUY) are reporting continued strong sales growth.
Product development will be a key area of focus as cannabis companies plan capital investments. Two reasons behind the legalization of cannabis are the elimination of the illicit market and the consumer protection that comes from quality-controlled products. While cannabis products will be highly regulated, companies are working on and will continue to work on developing products that will entice non-users in the coming months.
EDMONTON, July 18, 2018 /CNW/ - Aurora Cannabis Inc. (TSX:ACB.TO - News) (OTCQX:ACBFF - News) (Frankfurt: 21P;WKN:A1C4WM) ("Aurora" or the "Company") announces it has received shareholder approval at a special meeting, held today, for the issuance of shares in consideration for the planned acquisition of MedReleaf Corp. ("MedReleaf"), a well-known Canadian Licensed Producer based in Markham, Ontario that delivers premium medical cannabis products to domestic and global markets, and compelling brands to the adult-use recreational market. Low production costs and industry-leading yields: Aurora's automated 'Sky Class' greenhouses are expected to deliver industry-leading efficiencies and ultra-low production costs of well below $1 per gram, delivering sustainably robust margins.
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES ./ TSX: ACB ...
New ECommerce Platform to Benefit Both Medical and Adult-Consumer Use Customers TSX: ACB EDMONTON , July 16, 2018 /CNW/ - Aurora Cannabis Inc. ("Aurora" or the "Company") (TSX: ACB) ...
British Columbia’s Liquor Distribution Branch released its list of 31 suppliers that are to provide cannabis to the province for non-medical use. The notable companies that signed memoranda of understanding with the Liquor Distribution Branch to supply cannabis include Canopy Growth (CGC)(WEED), Aurora Cannabis (ACB)(ACBFF), MedReleaf (MEDFF), and Aphria (APHQF). Compared to other Canadian provinces that announced their lists of suppliers, British Columbia has one of the most diversified lists (HMMJ), which should give a wide range of diversity to the province.
It's possible that four growers could control 60% of all Canadian marijuana production by the turn of the decade.
On July 11, Aurora Cannabis (ACB) (ACBFF) announced it had established an agreement with Evio Beauty Group to develop cosmetic products that are hemp-based and CBD-based. According to the press release, the CBD-based products will be infused with CBD (a cannabis compound), while the hemp-based products will be non-infused cosmetic products.
On July 10, Canopy Growth (WEED) (CGC) entered into an agreement to acquire Hiku Brands. Following the news, Canaccord Genuity raised Canopy Growth’s target price to $34 from the previous target of $32. Canaccord Genuity thinks that the Hiku Brands acquisition will help Canopy Growth enhance its retail presence in western Canada.
Aurora Cannabis (ACB) (ACBFF) has made a move to grab the pre-roll cannabis market segment. The company announced on July 11 that it entered a joint partnership with Wagner Dimas through a cash and share transaction contingent on milestone achievement. Under this partnership, a new Canadian company will be formed to which Wagner Dimas will assign its intellectual property.
In the earlier parts of this series, we discussed EV-to-sales valuation multiples for some of the cannabis stocks (SEED). However, to get a better understanding of whether the cannabis sector is in the overbought or oversold territory, we’ll look at more than one valuation multiple. In this article, we’ll discuss how the EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) has changed over the last month.
In the earlier part of this series, we discussed that the overall cannabis sector’s forward EV-to-sales (enterprise value to sales) trended lower in the last month. In this part, we’ll look at the cannabis companies’ (HMLSF) valuation multiple compared to the median of 9.3x.
When's the Right Time to Jump into Cannabis Stocks? Finding the right time to invest in the cannabis sector can be challenging. There are challenges to understanding the valuation trend for this sector.
On July 10, Canopy Growth (WEED) (CGC) announced that it had entered an agreement to acquire Hiku Brands Company (HIKU). According to the press release, Canopy Growth paid a ~33% premium above Hiku Brands’ 20-day VWAP (volume weighted average price) as of closing on July 9.
WKN: A1C4WM) announced today that the Company has entered into an agreement with Wagner Dimas Inc. ("Wagner Dimas") the transaction includes cash and the issuance of common shares of Aurora relative to the achievement of certain milestones for the joint commercialization of Wagner Dimas's technology. This technology targets the high-volume, higher-margin pre-rolled segment of the cannabis market.
WKN: A1C4WM) announced today that it has established a partnership agreement ("the Agreement") with Evio Beauty Group Ltd. ("Evio Beauty") pursuant to which Aurora has made a strategic investment in Evio Beauty. Under the terms of the Agreement, Aurora and Evio Beauty Group will collaborate to develop a line of co-branded hemp seed oil cosmetic products ("Non-Infused Products") as well as a collection of CBD infused cosmetic products ("Infused Products").
WKN: A1C4WM) and CannaRoyalty Corp. (CSE:CRZ.CN - News) (OTCQX:CNNRF - News) ("CannaRoyalty") (together the "Companies") today announced that the Companies have signed a binding term sheet (the "Agreement") whereby Aurora is purchasing CannaRoyalty's exclusive Canadian license to use and commercialize pre-roll technology developed by Wagner Dimas for an aggregate consideration of C$7 million in Aurora common shares (the "Purchase Price"). "Pre-rolls are a rapidly growing, in-demand segment of the international cannabis market and the Wagner Dimas's technology has substantial competitive advantages over peers in terms of throughput, quality and diversity," said Terry Booth, CEO of Aurora.
As the governments of individual provinces in Canada get ready for the first recreational cannabis sales in October 2018, the AGLC (Alberta Gaming, Liquor & Cannabis Commission) announced its list of producers that will supply cannabis to the province. Out of 31 applications, only 13 won bids to supply cannabis to the province of Alberta. While the Alberta Government news release didn’t specify how much it will receive annually, Canopy Growth (WEED)(CGC) announced that it will supply over 15,000 kilograms of cannabis to Alberta.
In the earlier parts of this series, we discussed the format in which cannabis products will be available to customers. In this part, we’ll discuss how the product will reach customers.