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AuroraAurora(US:ACB) Marijuana Stocks | Cannabis Investments And News. Roots Of A Budding Industry.™·2024-11-15 14:44

Industry Overview - The cannabis industry is currently facing challenges due to political dynamics, with both Republicans and Democrats having differing approaches to federal reform [1][2] - Despite these challenges, the industry has generated significant revenue and is expected to continue evolving as politicians seek a compromise [2][3] Company Highlights - SNDL Inc.: Engages in the production, distribution, and sale of cannabis products in Canada, recently renewing its share repurchase program to buy back up to C$100 million of its outstanding shares [4][5] - Aurora Cannabis Inc.: Reported record Adjusted EBITDA of $10.1 million, a 210% year-over-year increase, and quarterly net revenue of $81.1 million, up 29% year-over-year, with a strong balance sheet of approximately $152 million in cash and no debt [7][8] - High Tide Inc.: Operates in the cannabis retail sector across Canada and internationally, recently closing a $15 million subordinated debt facility [9]