ACBCA
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Last Updated: Nov 13, 2019 11:13 a.m. EST Delayed quote

$4.68

-0.03 -0.64%
Agriculture 1.34%
Previous Close
$4.71
Advanced Charting
  • $
  • %
  • Vol
Advanced Charting
31.39% vs Avg.
Volume: 1.7M 65 Day Avg. - 5.4M
Open: 4.74
Last: 4.68
4.63 Day Low/High 4.76
Day Range
4.59 52 Week Low/High 13.67

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Overview

Key Data

  • Open $4.74
  • Day Range 4.63 - 4.76
  • 52 Week Range 4.59 - 13.67
  • Market Cap $4.92B
  • Shares Outstanding 1.01B
  • Public Float 987.93M
  • Beta n/a
  • Rev. per Employee $123.16K
  • P/E Ratio n/a
  • EPS $-0.28
  • Yield n/a
  • Dividend n/a
  • Ex-Dividend Date n/a
  • Short Interest n/a
  • % of Float Shorted n/a
  • Average Volume 5.42M

Performance

5 Day
  • -4.88%
1 Month
  • -1.27%
3 Month
  • -42.22%
YTD
  • -30.97%
1 Year
  • -42.65%

Recent News

  • MarketWatch
  • WSJ
Read full story

Cronos turns lower after kicking off cannabis earnings with revenue miss

Read full story

People of color are reclaiming their place in a cannabis industry ‘built on the backs of people from marginalized communities’

Read full story

Cannabis earnings: How much worse can it get for underperforming weed companies?

MKM lowers quarterly estimates for Canopy Growth and Aurora Cannabis ahead of Thursday earnings

MKM Partners lowered its quarterly estimates for Canadian cannabis companies Canopy Growth Corp. and Aurora Cannabis Inc. , and said he expects neither company will show much improvement in sales when they report earnings on Thursday. Analyst Bill Kirk cited three reasons for the cuts, namely that inventory being held at provinces is weighing on shipments from manufacturers, pricing is falling and lower prices won't help shift product because legal weed is still way more expensive than black market product. "While net sales estimates have come down for both since the end of August (-18% for Canopy and -25% for Aurora), we believe there is still some risk to revenue estimates and EBITDA estimates (EBITDA estimate only down 8% for Canopy)," Kirk wrote in a note to clients. "With sequential growth suddenly stalling/declining, we believe P&L de-leverage will negatively surprise (costs planned for growth, but no growth)." That will cause the bulls to revisit the industry's expectations about how quickly companies can attain profitability. "For instance, Aurora is unlikely to be EBITDA positive by June 2020 as consensus expects," he wrote. Kirk lowered his sales forecast for Canopy's fiscal second quarter to C$95.4 million ($72.1 million) from a previous C$114.5 million and compared with the consensus of C$101.5 million. For Aurora, he lowered his fiscal first-quarter sales forecast to C$92.2 million from a previous C$98.0 million and consensus of C$89.7 million. Kirk rates Canopy as neutral and Aurora as sell. Canopy's U.S.-listed shares were last down 0.7% premarket, while Aurora was up 0.3%.

Read full story

Short sellers are increasing bets on cannabis stocks even after summer selloff

Read full story

Back to Green: Cantor Fitzgerald says Canadian cannabis stocks have hit a bottom

Read full story

Aurora Cannabis covets California’s weed culture, but can’t pronounce one word correctly

Read full story

Cannabis stocks fall as Curaleaf becomes latest company to scale back a big acquisition

Read full story

Hexo stock slides another 6% to weigh on cannabis sector after job cuts prompt downgrade

Read full story

One year on, Canada’s legal cannabis market is down but not out

Read full story

Cannabis stocks a sea of red as Green Organic’s financing woes weigh

Read full story

Cannabis sector falls as Aphria surrenders gains, Aurora tipped to be long-term winner

Read full story

Hexo stock dives after downgrade, dragging cannabis sector lower

Canopy Growth, Hexo downgraded by Seaport; analysts recommend switch to US cannabis sector from Canadian

Seaport Global downgraded Canadian cannabis companies Hexo Corp. and Canopy Growth Corp. to neutral from buy on Monday, and reiterated neutral ratings on Aurora Cannabis Inc. and Tilray Inc. , leaving Aphria Inc. as the only buy-rated Canadian cannabis company in its coverage. "We see a headwind for the Canadian cannabis market, ahead, based on sizable industry supply that will aim to funnel into a limited retail store set," analysts Brett M. Hundley and Luke Perda wrote in a note to clients. "We expect pricing and margins to drop considerably." The analysts said their model, rating and price target for Green Organic Dutchman are under review, pending news on its efforts to get fresh financing. In the U.S. multi-state operator space, the analysts "see a completely different set of circumstances in place, and we would broadly recommend that investors rotate away from Canada and towards the US," they wrote. "We do not think that recent vape headlines will materially cut into forward MSO financials, and we see a number of opportunities for public MSOs on the horizon." Canopy shares were down 0.8% in premarket trade, while Hexo was down 4.7%. The ETFMG Alternative Harvest ETF was up 1.1%, but has fallen 25% in 2019, while the S&P 500 has gained 18%.

Aurora reiterated as neutral at Seaport

Aurora Cannabis stock price target cut by MKM as pot price weakens and black market thrives

MKM Partners analyst Bill Kirk cut his stock price target on Aurora Cannabis Inc. on Monday to C$3.50 ($2.65) from C$5.00, and said there is still some optimism in the stock "to shake and trim." Kirk cited three reasons for the move, namely a softening of pricing, a widening gap between legal and black market prices and fewer-than-expected new store openings in Ontario and Quebec. "Aurora warned on its September 12th earnings call that July and August had slowed, and including HEXO Corp's commentary and pace of new stores, we have no evidence that September and early October were any better," the analyst wrote in a note to clients. Kirk, who rates Aurora a sell, was referring to a revenue warning from Hexo last week that shook the market. He said consensus expectations for a sequential rise in revenue are overdone. Kirk lowered his first-quarter fiscal 2020 sales estimate to C$98 million from a previous C$117 million, below the C$105 million consensus. "We believe profitability for cultivators will generally get worse before getting better," said the note. "Pricing is already decreasing and supply availability will continue to grow/improve." Aurora shares were up 1.9% in premarket trade, but have fallen 26% in 2019, while the ETFMG Alternative Harvest ETF has fallen 25% and the S&P 500 has gained 18%.

Aurora Cannabis stock price target cut to C$3.50 vs. C$5.00 at MKM

Read full story

Cannabis stocks pare early gains as profit doubts persist a day after major selloff

Read full story

Hexo revenue warning slams cannabis sector as stock tumbles 24%

Canopy Growth downgraded by Jefferies as analysts slash price targets on sector by average 50%

Jefferies downgraded Canopy Growth Corp. on Friday and slashed its stock price targets for cannabis companies by an average of 50%, a day after a revenue warning from Hexo Corp. prompted a sharp selloff in the sector as investors moved to price in heightened risk. "With a number of negative headlines impacting the sector the last 6 months, and still with little sign of profitability, the sector has seen greater risk/volatility priced in," analysts Owen Bennett and Ryan Tomkins wrote in a note to clients. The analysts downgraded Canopy, the market leader, to hold from buy and cut their price target to C$25 ($18.8) from C$77. The analysts cut Hexo's stock price target to C$3.80 from C$7.70, cut Cronos to C$10 from C$15, lowered Aurora Cannabis price target to C$7 from C$14, cut Organigram to C8.20 from C10.50, cut Green Organic Dutchman to C$2.40 from C$6.50 and lowered Tilray's price target to $25 from $57. At the same time, they upgraded Hexo to hold from underperform and upgraded Organigram and Flowr Corp. to buy from hold. "The next 12 months price performance should see strong divergence between those who can execute/move to profit and the rest," the analysts wrote. Canopy shares fell 1.8% premarket. The stock has fallen 24% in 2019, while the ETFMG Alternative Harvest ETF has fallen 25% and the S&P 500 has gained 17%.

Read full story

A Marijuana ETF Is in the Right Spot

on The Wall Street Journal
Read full story

Canada’s Investment Banks Are Big Winners in Marijuana Boom

on The Wall Street Journal
Read full story

Aurora Cannabis Gets High on Its Own Stash

on The Wall Street Journal
Read full story

Pot Premium: Surging Demand Inflates Price of Marijuana ETF

on The Wall Street Journal
Read full story

Coca-Cola Goes Back to the Future

on The Wall Street Journal
Read full story

Love Local Farming? Try Your Living Room

on The Wall Street Journal
Read full story

Justice Department’s Marijuana Reversal Puts Damper on Hot Stocks

on The Wall Street Journal
Read full story

Can This Marijuana ETF Get Too Popular for Its Own Good?

on The Wall Street Journal

Recent News

  • Other News
  • Press Releases

Aurora Cannabis Announces 2019 AGM Voting Results

Aurora Cannabis Announces 2019 AGM Voting Results

on CNW Group

Aurora Cannabis to Host First Quarter 2020 Investor Conference Call

Aurora Cannabis to Host First Quarter 2020 Investor Conference Call

on CNW Group

Khiron Appoints Veteran Independent Director Deborah Rosati FCPA, FCA, ICD.D

Khiron Appoints Veteran Independent Director Deborah Rosati FCPA, FCA, ICD.D

on CNW Group

Aurora Cannabis Launches National Safety Campaign on Edibles

Aurora Cannabis Launches National Safety Campaign on Edibles

on CNW Group

Consumer Legalization One Year Later: Aurora Cannabis Reveals Sneak Peek of Plans for NextGen Cannabis Products

Consumer Legalization One Year Later: Aurora Cannabis Reveals Sneak Peek of Plans for NextGen Cannabis Products

on CNW Group

Cannabis 2.0: Is This ETF Discounted?

Before the 2015 federal election in Canada, cannabis stocks were prepping for a run that would christen ...

on Baystreet.ca

Cannabis Europa to Host First Ever Canadian Conference in Toronto This November

Cannabis Europa to Host First Ever Canadian Conference in Toronto This November

on CNW Group

Aurora Cannabis and CTT Pharmaceutical Announce Launch of Sublingual Cannabis Wafers

Aurora Cannabis and CTT Pharmaceutical Announce Launch of Sublingual Cannabis Wafers

on CNW Group

Aurora Cannabis Provides Update on Global Operations and Growth Initiatives

Aurora Cannabis Provides Update on Global Operations and Growth Initiatives

on CNW Group

The Top Most Compelling Reasons to Invest in the CBD Market

The CBD boom is here, and it’s thriving especially as major retailers just on board. Already, ...

on Baystreet.ca

Stocks in play: The Yield Growth Corp.

Announced that its newly created subsidiary Flourish Mushroom Labs Inc. entered into an agreement on ...

on Baystreet.ca

Aurora Cannabis Announces Date of Annual General Meeting

Aurora Cannabis Announces Date of Annual General Meeting

on CNW Group

Psychedelic Drug Treatments Are Just Beginning to Capture Sizable Investor Interest

Psychedelic substances are gaining traction as a treatment for mental illnesses, creating sizable opportunities ...

on Baystreet.ca

Stocks in play: The Yield Growth Corp.

Announced that it has entered into an agreement with Peak Performance Products Inc., who will act as ...

on Baystreet.ca

Aurora Cannabis Announces Financial Results for the Fourth Quarter and 2019 Fiscal Year

Aurora Cannabis Announces Financial Results for the Fourth Quarter and 2019 Fiscal Year

on CNW Group

Aurora Cannabis Closes Expanded C$360 Million (US$280 Million) Credit Facility

Aurora Cannabis Closes Expanded C$360 Million (US$280 Million) Credit Facility

on CNW Group

Stocks in play: Plus Products Inc.

Announced that the Company will be hosting a launch event in New York City. The event will take place ...

on Baystreet.ca

The Green Organic Dutchman Welcomes New Investors, Provides Update on Aurora Ownership

The Green Organic Dutchman Welcomes New Investors, Provides Update on Aurora Ownership

on CNW Group

Aurora Cannabis Announces Sale of Remaining Shares in The Green Organic Dutchman Sale of Non-Core Holdings Raises Gross Proceeds of $86.5 Million

Aurora Cannabis Announces Sale of Remaining Shares in The Green Organic Dutchman Sale of Non-Core Holdings Raises Gross Proceeds of $86.5 Million

on CNW Group

Aurora Cannabis to Host Fourth Quarter 2019 Investor Conference Call

Aurora Cannabis to Host Fourth Quarter 2019 Investor Conference Call

on CNW Group

Thinking about buying stock in Aurora Cannabis, Walt Disney Co, Canada Goose, Tilray, or Wells Fargo?

Thinking about buying stock in Aurora Cannabis, Walt Disney Co, Canada Goose, Tilray, or Wells Fargo?

on PR Newswire - PRF

Regulators Take Further Steps to Expand the Medical CBD Industry

Regulators Take Further Steps to Expand the Medical CBD Industry

on PR Newswire - PRF

Legal Marijuana Market Report 2019-2024 – Size, Trends, Forecast and Competitive Analysis | Absolute Reports

Legal Marijuana Market Report 2019-2024 – Size, Trends, Forecast and Competitive Analysis | Absolute Reports

on The Express Wire

The Top Global Growth Story Creating a $146.4 Billion Cannabis Opportunity

The Top Global Growth Story Creating a $146.4 Billion Cannabis Opportunity

on PR Newswire - PRF

The Top Global Growth Story Creating a $146.4 Billion Cannabis Opportunity

The Top Global Growth Story Creating a $146.4 Billion Cannabis Opportunity

on Financial News Media

Global Cannabidiol Oil (CBD Oil) Market: key Vendors, Demand, Analysis, Segmentation, Forecast to 2019-2025

Global Cannabidiol Oil (CBD Oil) Market: key Vendors, Demand, Analysis, Segmentation, Forecast to 2019-2025

on Heraldkeepers

Thinking about buying stock in Aurora Cannabis, Advanced Micro Devices, General Electric, Teva Pharmaceutical, or Uber Technologies?

Thinking about buying stock in Aurora Cannabis, Advanced Micro Devices, General Electric, Teva Pharmaceutical, or Uber Technologies?

on PR Newswire - PRF

Trade Buoy Push Markets Higher

Trade Buoy Push Markets Higher

on Baystreet.ca

The Story of Cannabidiol Cbd Market Changing Dynamics and its Revenue

The Story of Cannabidiol Cbd Market Changing Dynamics and its Revenue

on HTF Market Intelligence

Legal Marijuana Market | Here�'s are Something That Must You Know

Legal Marijuana Market | Here�'s are Something That Must You Know

on HTF Market Intelligence

Thinking about buying stock in Aurora Cannabis, Party City, Roku, Square, or Stamps.com?

Thinking about buying stock in Aurora Cannabis, Party City, Roku, Square, or Stamps.com?

on PR Newswire - PRF

Research on CBD Oil (Cannabidiol Oil) Market 2019 Share, Segmentation and Forecast to 2025

Research on CBD Oil (Cannabidiol Oil) Market 2019 Share, Segmentation and Forecast to 2025

on Heraldkeepers

Legal Marijuana Market Is Booming at a CAGR of 26.8% during 2019 to 2025

Legal Marijuana Market Is Booming at a CAGR of 26.8% during 2019 to 2025

on Market Insight Reports

CBD Oil Market Is Expecting Revolutionary Growth in 2019 and Coming Years

CBD Oil Market Is Expecting Revolutionary Growth in 2019 and Coming Years

on Market Prediction

Cannabis Market Development, Market Trends, Key Driven Factors, Segmentation and Forecast to 2024

Cannabis Market Development, Market Trends, Key Driven Factors, Segmentation and Forecast to 2024

on The Express Wire

Solar Industry Companies Report Or Project Solid Revenue Gains For Latest Quarter or Monthly Reporting Periods; Tesla And Walmart Settle Solar Lawsuit

Solar Industry Companies Report Or Project Solid Revenue Gains For Latest Quarter or Monthly Reporting Periods; Tesla And Walmart Settle Solar Lawsuit

on Stock Market Press

CBD Products Garner Credibility as Regulators Change Tact

CBD Products Garner Credibility as Regulators Change Tact

on PR Newswire - PRF

Solar Industry Companies Report Or Project Solid Revenue Gains For Latest Quarter or Monthly Reporting Periods; Tesla And Walmart Settle Solar Lawsuit

Solar Industry Companies Report Or Project Solid Revenue Gains For Latest Quarter or Monthly Reporting Periods; Tesla And Walmart Settle Solar Lawsuit

on Stock Market Press

At 24.4% CAGR, Latest Study explores the Medical Cannabis Market size Witness Highest Growth of 20200 million US$ by the end of 2025

At 24.4% CAGR, Latest Study explores the Medical Cannabis Market size Witness Highest Growth of 20200 million US$ by the end of 2025

on AmericaNewsHour

Medical Cannabis Market Size, Growth , Leading Players and Forecast To 2024

Medical Cannabis Market Size, Growth , Leading Players and Forecast To 2024

on AmericaNewsHour

Aurora Cannabis Inc.

Aurora Cannabis, Inc. engages in the production, distribution and sale of cannabis products. It also produces and sells indoor cultivation systems and hemp related food products. The company was founded by Terry Booth and Steve Dobler on December 21, 2006 and is headquartered in Edmonton, Canada. (See Full Profile)

Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 18 Full Ratings

Competitors

Name Chg % Market Cap
Cannabis Sativa Inc. -1.75% $13.43M
GreenGro Technologies Inc. 0.00% $2.96M
International Consolidated Cos. Inc. 0.00% $464.81K
American Cannabis Co. Inc. -0.77% $11.71M
Cannagrow Holdings Inc. 0.29% $17.86M
Competitor Data Provided ByCapital Cube Logo