NASDAQ | TSX: ACB EDMONTON, AB, Feb. 20, 2024 /PRNewswire/ - Aurora Cannabis Inc. (the "Company" or "Aurora") (NASDAQ: ACB) (TSX: ACB), the Canadian based leading global medical cannabis company, is pleased to announce today that Simona King, a former executive of Bristol Myers-Squibb, a leading multinational pharmaceutical company, has been appointed as Chief Financial Officer of the Company, effective February 21, 2024. Ms. King brings over 25 years of progressive finance leadership experience, with deep ...

Top Marijuana Stocks For Investors 2024Investors are working on various strategies to see returns from their marijuana stock investments. As most who are active in the sector can see the upward momentum is not consistent. Much of the way cannabis stocks perform is based on volatility and other catalysts. For example, when there is news important enough to interest traders it often leads to a rise in trading. Still with a lot going on throughout the cannabis sector where is one to start when developing a tra ...

Recent developments underscore the turbulent scenario investors are grappling with in the cannabis sphere, shedding light on the cannabis stocks to sell. While the U.S Drug Enforcement Administration mulls over changing marijuana’s Schedule 1 status and the Health and Human Services leans towards relaxing federal restrictions, a sliver of hope emerges. In that scenario, it becomes imperative for investors to hitch their rides with solid stocks in the cannabis realm.Furthermore, environmental considerations ...

Group 1: Aurora Cannabis - Aurora Cannabis gained popularity after Canada legalized adult-use marijuana, but the expected sales boom did not materialize due to market oversupply and slow retail licensing processes [2] - The company struggled to secure partnerships and resorted to an aggressive growth-by-acquisition strategy, leading to shareholder dilution [2] - Aurora Cannabis has faced inconsistent revenue, persistent net losses, and poor stock performance, with ongoing challenges in the competitive Canadian marijuana market [3] - The company is attempting to enter the cannabis-infused beverage market, but competition remains fierce, limiting potential growth [3] - Despite promises of positive free cash flow in 2024, the company's poor track record and market challenges suggest investors should avoid the stock [4] Group 2: Peloton Interactive - Peloton's fitness products saw initial success during the COVID-19 pandemic, but demand declined as gyms reopened, leading to subpar financial results [5] - The company reported a revenue of $743.6 million in Q2 of fiscal 2024, a 6% year-over-year decline, while subscription revenue rose 3% to $424.5 million [6] - Peloton's subscription gross margin was 67.3%, compared to a total gross margin of 40.3%, indicating a shift towards a more profitable subscription model [6] - Despite some improvements in net loss and free cash flow, Peloton faces significant competition and may struggle to attract a sufficient customer base for a full recovery [7]

Top Performer’s Surge in the Cannabis SectorIn February 2024, top Canadian cannabis stocks showed mixed performance amid evolving market dynamics. Companies like Canopy Growth, Aurora Cannabis, and Tilray Brands remained focal points for investors. Market movements were influenced by quarterly earnings reports, with some companies exceeding expectations and others falling short. This period saw significant attention to operational efficiencies and international expansion efforts. Additionally, updates on pr ...

Company Performance - Aurora Cannabis Inc. reported a quarterly loss of $0.02 per share, compared to the Zacks Consensus Estimate of a loss of $0.01, and a loss of $0.14 per share a year ago, indicating an earnings surprise of -100% [1] - The company posted revenues of $53.34 million for the quarter ended December 2023, surpassing the Zacks Consensus Estimate by 16.10%, and up from $50.95 million year-over-year [1] - Over the last four quarters, Aurora has surpassed consensus revenue estimates three times [1] Stock Performance - Aurora Cannabis Inc. shares have declined approximately 16.8% since the beginning of the year, while the S&P 500 has gained 4.7% [2] - The current consensus EPS estimate for the upcoming quarter is breakeven on revenues of $51.14 million, and -$0.07 on revenues of $197.29 million for the current fiscal year [4] Industry Outlook - The Medical - Products industry, to which Aurora belongs, is currently in the bottom 33% of over 250 Zacks industries, indicating potential challenges for stock performance [5] - Another company in the same industry, Perrigo, is expected to report quarterly earnings of $0.83 per share, reflecting a year-over-year change of +10.7%, with revenues projected at $1.19 billion, up 2.7% from the previous year [5]

Aurora Cannabis Inc. (NASDAQ:ACB) Q3 2024 Earnings Conference Call February 8, 2024 8:00 AM ET Company Participants Ananth Krishnan - VP, Corporate Development & Strategy Miguel Martin - CEO Glen Ibbott - CFO Conference Call Participants Frederico Gomes - ATB Capital Markets Matt Bottomley - Canaccord Tamy Chen - BMO Capital Markets Douglas Miehm - RBC Capital Markets Pablo Zuanic - Zuanic Associates Operator Greetings, and welcome to the Aurora Cannabis Third Quarter 2024 Results Conference Call. All parti ...

Aurora Cannabis (NASDAQ:ACB) stock is climbing higher on Thursday after completing its acquisition of MedReleaf Australia.Aurora Cannabis used a wholly-owned subsidiary to acquire the 90% stake in MedReleaf Australia that it didn’t already own. The deal is worth $50 million with Aurora Cannabis paying $9.45 million in cash and the remaining in ACB stock.The acquisition of MedReleaf Australia gives Aurora Cannabis a firm footing in the medical cannabis market in Australia. This market is valued at $400 milli ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Aurora Cannabis Inc (NASDAQ: ACB) is in focus today after buying the remaining 90% stake in MedReleaf Australia for about AU$50 million ($32.45 million).Details of Aurora-MedReleaf transactionCopy link to sectionThe licensed cannabis producer paid $9.45 million in cash and the remaining in stock. Aurora caught interest in buying MedReleaf because it’s currently the second largest player in medical cannabis in Australia. Miguel Martin – chief executive of the Edmonton-headquartered firm said in a press relea ...