Debra BorchardtOctober 24, 2023
The case revolved around a process for synthesizing cannabinoids.
Tag: Aurora Cannabis Inc
Debra BorchardtOctober 24, 2023
StaffAugust 25, 2022
The Daily Hit is a recap of cannabis business news for August 25, 2022. ON THE SITE Aurora Buys $45 Million Majority Stake in Bevo Farms Bevo will take over the shuttered Aurora Sky facility as part of the completed deal. Aurora Cannabis (Nasdaq: ACB, TSX: ACB) acquired a majority stake in grow giant Bevo […]
Debra BorchardtJune 28, 2022
Two analysts have begun warming up to Aurora Cannabis (NASDAQ: ACB) but for two entirely different reasons. Stifel analyst W. Andrew Carter upgraded his rating on Aurora from Sell to Hold and lowered his target price from C$2.50 to C$2.15. Cantor Fitzgerald analyst Pablo Zuanic upgraded his rating from Neutral to Overweight and increased his […]
StaffMay 26, 2022The Daily Hit is a recap of the top cannabis business stories for May 26, 2022. ON THE SITE Cannabis Executives Go On Stock Buying Spree As the cannabis industry matures, certain patterns are beginning to be established not unlike other retail industries. The one that just occurred is the first-quarter dip in sales. As […]
Debra BorchardtDecember 16, 2020Aurora Cannabis Inc. (NYSE: ACB) provided a business update amending the company’s credit facility. The shares were falling in price on the news and were lately down 1% and selling at $10.01. The company said that there are no changes to the commitment amounts under the facility which currently stand at $101.2 million under the term loan […]
Debra BorchardtJune 24, 2020
Aurora Cannabis Inc. (NYSE:ACB) announced several difficult moves from the company including the layoffs of numerous employees and the closing of several facilities. The Canadian cannabis company laid off 25% of Aurora’s SG&A staff, most of those to take place immediately and a roughly 30% reduction in production staff over the next two quarters. The cuts […]
StaffJune 23, 2020
Aurora Cannabis Inc. (NYSE: ACB) is the latest cannabis company to destroy the job argument as a reason for legalization. The Canadian cannabis company laid off 25% of Aurora’s SG&A staff, most of those to take place immediately and a roughly 30% reduction in production staff over the next two quarters. The cuts went to […]
Kaitlin DomangueFebruary 13, 2020
Its time for your Daily Hit of cannabis financial news for February 13th, 2020. On the Site Meet the Weedy Award Finalists The founder and Editor of WeedWeek, Alex Halperin, has created the Weedy Awards, with winners being announced on February 28th in Hollywood. Awards will be presented in categories like best grow, the most […]
William SumnerMarch 28, 2019It’s time for your Daily Hit of cannabis financial news for March 28, 2019. On the Site CannTrust Holdings Inc. Sales are up, but profits are on the decline for CannTrust Holdings Inc. (NYSE: CTST) as the company releases their financial results for the fourth quarter and year ending on December 31, 2018. SAFE Banking […]
William SumnerOctober 26, 2018It’s time for your Daily Hit of cannabis financial news for October 25, 2018. On the Site MedMen Enterprises MedMen Enterprises (MMNFF) reported fourth quarter revenues of $20.6 million, an increase of 1,317% over last year’s $1.5 million and a 44% sequential increase over the third quarter revenue of $14.3 million. The jump was attributed […]
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