The value of products sold through Cannazon, a marketplace for hemp products, reached approximately $5.04 million between January and March 2020, representing a volume of 1.6 metric tonnes. A similar increase in sales was seen in the U.S., with consumers also stocking up in anticipation of government-mandated shelters. The Canadian Cannabis LP Index, which is rebalanced monthly, included 39 qualifying publicly traded licensed producers that traded in Canada at the end of October, with equal weighting for each stock. Each of the members was also included in a sub-index, with 4 in the Canadian Cannabis LP Tier 1 Index, 15 in the Canadian Cannabis LP Tier 2 Index and 20 in the Canadian Cannabis LP Tier 3 Index during the month. At the end of June 2020, werevised the rules for inclusion, requiring companies to have a price of at least C$0.20 unless they are generating at least C$2.5 million quarterly from their cannabis production operation. Previously, we required revenue in excess of C$1 million for stocks trading below C$0.20.
- CBDCannabidiol, commonly referred to as CBD is found primarily in extractions from the hemp plant, and is often sold in gels, oils, supplements and extracts.
- To calculate, start with total shares outstanding and subtract the number of restricted shares.
- Further, we expressly disclaim any responsibility to update such research.
More than fifty countries have regulated the cultivation, production, or sale of the product and its derivatives for medicinal purposes as of 2020. However, a growing number of jurisdictions have established legal frameworks warframe server time for the non-medicinal use of adults, including social purposes, religious and cultural purposes. By April 2018, the company had a market value of Can$4.5 billion; revenue in 2017 totaled Can$31.1 million.
Aurora Cannabis ups financing deal to $150 mln, shares fall
Aurora Cannabis has only been the subject of 4 research reports in the past 90 days. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Months ago, Mexico’s Supreme Court decriminalized the recreational use of cannabis, calling prohibition …
As the company bleeds cash, even as the hardest hit to its market has yet to come, tangible book is a fair valuation. The largest and most comprehensive premium subscription service for cannabis traders and investors since 2013. Get ahead of the crowd by signing up for420 Investor, the largest & most comprehensive premium subscription service for cannabis traders and investors since 2013. Among these largest LPs by revenue, Tilray was the best performer at +1.5%, while Canopy Growth was the worst for the second straight month at -12.3%. In January, 2018, Aurora became the first private company to be granted a supply agreement to the Italian market through its German subsidiary Pedanios. Aurora announced on January 23, 2018 that the first tender would consist of three lots of different cannabinoid profiles totalling 100 kg.
New Jersey Begins Recreational Marijuana Sales Today. Pot Stocks Rise.
The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice.
- Market Cap is calculated by multiplying the number of shares outstanding by the stock’s price.
- Speaking of the trade association for cannabis retailers, they issue informative opinion pieces on what goes right and wrong in the Canadian market.
- Although Coke and Aurora then announced that they were merely studying the market, and had no plan to announce regarding the distribution of such products.
- Interest to invest in the cannabis production sector is obviously a lot higher and exactly what makes it hard to make a differentiated product that consumers will favor.
- In many countries, the relevant legislation is recent; the Greek government approved the legalization of medical marijuana in 2018, the same year as the U.K.
Medicinal applications include the incorporation of cannabinoids or cannabinoid-like compounds in pharmaceutical products, as per market trends. Sativex, Marinol, and Cesamet are some of the well-known hemp-based drugs. Some of the documented and practiced applications of the product in the medical sector are for the treatment of chronic pain, multiple sclerosis, treatment-resistant epilepsy, and others. The health and wellness trend resonating in the global marketplace has facilitated the medical marijuana market growth and the utilization of Cannabidiol in particular.
Earnings Scheduled For September 20, 2022
In March 2017, Aurora’s online store and mobile app began providing public access to a simplified version of every Certificate of Analysis for every cannabis product available. The system was developed in partnership with Anandia Labs Inc., a Canadian cannabis genetics and testing laboratory. Aurora has three operational facilities in Canada plus two new facilities projected to be operational by the end of 2019, including a 1,000,000-square-foot facility under construction in Odense, Denmark. Construction on the Nordic 2 project in Denmark was stopped in November 2019 when the company’s stock dropped to a two year low.
Aurora Cannabis was founded by Terry Booth and Steve Dobler on December 21, 2006 and is headquartered in Edmonton, Canada. The obvious truth behind why HEXO pulled its guidance and cannabis stocks are being hammered is that capacity is increasing rapidly while inventories are exploding. In my estimation, it will be a roller coaster until the sector bottoms out.
At the end of my 7 days, my credit card will be conveniently charged $397/quarterly until I cancel. Analysts estimate an earnings increase this quarter of $0.09 per share, a decrease next quarter of $0.00 daytrading price volatility breakouts per share, an increase this year of $1.62 per share, and an increase next year of $0.18 per share. That’s why the bottom lines of most Canadian weed players are, more often than not, written in deep red.
Sales & Book Value
Be sure to bookmark the pages to stay current on LP stock price movements within the day or from day-to-day. As of April 2019, Aurora had about 17 retail outlets in western Canada through its strategic partnership with Choom Holdings Inc. and acquisition of Clarity Cannabis Retail Stores, with 52 more store locations in development. In November 2019, Aurora opened an stock broker responsibilities 11,000 square foot flagship retail store in West Edmonton Mall, making the store the largest cannabis retail space in Canada. Aurora acquired a stake in Alcanna Inc. in 2018, at one point owning 25% of the company. Aurora claimed it had reduced the cost of producing cannabis to $0.85 per gram, when the national retail price of cannabis in Canada was $7.37 per gram.
- According to analysts’ consensus price target of $3.20, Aurora Cannabis has a forecasted upside of 164.5% from its current price of $1.21.
- Intraday data delayed at least 15 minutes or per exchange requirements.
- I live in the Netherlands and will share my European perspective on stocks worldwide.
- North American dominated the market in 2020 and was valued at USD 19.78 billion.
- The founding group secured a 160+ acre parcel of land in Mountain View County, Alberta, where they established Aurora’s first facility.
This would be a problem to ACB, as its huge cost base already can’t afford a margin cut. It doesn’t take a rocket scientist to see that while all players are heavily adding capacity, the market is already oversupplied and this will inevitably lead to lower prices and bankruptcies. Market Capitalization measures the total value of a company based on their stock price multiplied by the shares outstanding.
HEXO has moved to Tier 1 from Tier 2, while several names have moved from Tier 2 to Tier 3. 13 companies no longer qualify for inclusion due to insufficient revenue. “Aurora Cannabis is selling one of its biggest greenhouses to raise cash — and analysts are applauding”. I understand that I am receiving a special one-time deal and will be billed $397 for 6 months membership and that after 6 months I will be billed at $397 quarterly thereafter unless I choose to cancel, which I may do at any time. I have read and understand the terms and disclaimers related to the program. The Score for ACB is 47, which is 6% below its historic median score of 50, and infers higher risk than normal.
The company received its license to grow cannabis in 2014, making it the first cannabis producer to obtain a federal license in that province. They decided to establish the company in Alberta due to comparatively low corporate tax rates and an ideal farm credit program. On November 27, 2014, Health Canada issued Aurora’s first license to sell medical cannabis. Since then they have built, and are operating, numerous growing facilities throughout Canada, Europe, Asia, Latin America and Oceania. On January 10, 2017, Aurora received a license from Health Canada to sell cannabis oils, having been granted a license to produce the oils in February 2016.
The fact is that hemp isn’t an extraordinarily hard crop to grow and it grows best in a warm and humid climate. This is fairly expensive versus the alternative of growing it in an open field in the Southern United States or Mexico. Regulation and licensing of producers works as a barrier of entry that helps all companies that already comply with regulation versus potential competition. The producers will need to make cash flow, and at some point, they will push their inventory onto the market regardless of pricing.
The corresponding ‘margin’ per company is 8.5% on average, which includes wages for two owners on average. This makes sense to me, as it is hard to make serious money in agriculture, no matter how highly advanced, productive or innovative the sector is compared to open field agriculture. Let’s try for a moment to apply this 8.5% to Aurora after adjusting for owner labor. According to 1 Wall Street analyst that have issued a 1 year ACB price target, the average ACB price target is $3.00, with the highest ACB stock price forecast at $3.00 and the lowest ACB stock price forecast at $3.00. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only.
With every lot, there are small variations in the THC & CBD percentage of the plant. Because of this, when you see our products they will offer you a range that the plant will be in, but not an exact number. THCTetrahydrocannabinol, commonly referred to as THC is the main psychoactive compound in cannabis. While typically consumed by smoking cannabis, it is also available in oils, edibles, tinctures, capsules and more. CBDCannabidiol, commonly referred to as CBD is found primarily in extractions from the hemp plant, and is often sold in gels, oils, supplements and extracts. CBD is a nonpsychoactive compound, and does not produce a ‘high’.Plant TypePlant Type refers to the strain of plant, which impacts how it will affect you.
Further, we expressly disclaim any responsibility to update such research. Past performance is not a guarantee of future results, and a loss of original capital may occur. None of the information presented should be construed as an offer to sell or buy any particular security. The highest analyst price target is $1.45 ,the lowest forecast is $1.27. The average price target represents 14.88% Increase from the current price of $1.21. The global market remains highly competitive and robustly dynamic – new partnerships and expansions are underway as the wave of legalization spreads gradually across the globe.
Aurora Cannabis, Canopy Growth Corporation, and Tilary Inc. are a few of the key players in the market. Topicals represent a minimal share of the product application – lotions, lubricants, creams, and others are generally infused with ingredients providing relief of muscle soreness, inflammation, headaches, and cramping. Moreover, marijuana legalization is gaining momentum around the world. This momentum is driven primarily by the increasing recognition that the product may have a range of legitimate medicinal benefits and therapeutic applications. It is the most widely cultivated, trafficked, and consumed drug worldwide, according to the United Nations Office on Drugs and Crime . Products are typically delivered within 1 to 2 business days, with some exceptions.