Welcome to our dedicated page for Aurora Cannabis news (Ticker: ACB), a resource for investors and traders seeking the latest updates and insights on Aurora Cannabis stock.
Aurora Cannabis Inc. (ACB) is a Canada-based global medical cannabis company with shares listed on NASDAQ and the Toronto Stock Exchange. From an investor and industry perspective, Aurora’s news flow centers on medical cannabis expansion, scientific research, international market development and operational performance.
Company announcements frequently highlight growth in global medical cannabis revenue, leadership positions in key markets, and updates on its plant propagation business through Bevo Farms Ltd. Earnings releases and financial updates provide detail on segment performance across medical cannabis, consumer cannabis and plant propagation, along with adjusted gross margins, adjusted EBITDA and working capital trends.
News items also cover Aurora’s international initiatives, such as investments in its EU-GMP manufacturing facility in Leuna, Germany, launches of proprietary medical flower cultivars in Poland under the Cannabis flos Aurora brand, and the introduction of the Daily Special medical brand in Germany. In Australia, updates include distribution partnerships through MedReleaf Australia and Leafio, aimed at expanding access to Aurora’s medical cannabis products via pharmacy networks.
Scientific and educational developments are another recurring theme. Aurora reports progress in powdery mildew resistance research (PM2) conducted at its Aurora Coast R&D facility, including breeding programs and production trials. The company also announces collaborations like the Physician Experience Platform (PEP) with Copeia, which provides anonymized, peer-reviewed medical cannabis case studies for physicians in multiple countries.
Investors following ACB news can expect coverage of quarterly results, international facility investments, product launches, distribution agreements, conference participation and medical education initiatives. Bookmark this page to monitor how Aurora’s strategic focus on global medical cannabis, science and international markets is reflected in its ongoing news and disclosures.
Aurora Cannabis Inc. (NYSE: ACB) has renewed its strategic relationship with Grow Group PLC, signing a two-year market access services agreement for the UK. This partnership, which began in August 2019, aims to enhance patient access to cannabis-based medicines in the UK. Aurora's CEO emphasized the importance of educating healthcare providers and ensuring high-quality medical cannabis is available to meet growing demand. Aurora is committed to serving the European market via its EU GMP facility, Aurora Nordic.
Aurora Cannabis announced its participation in the BMO Capital Markets 16th Annual Farm to Market Virtual Conference, scheduled for May 19 and 20, 2021. The company's CEO, Miguel Martin, and CFO, Glen Ibbott, will hold virtual one-on-one meetings with investors during the conference. Aurora is a leading player in the cannabis industry, with a diverse brand portfolio that serves both medical and consumer markets. Its shares are traded on both the NYSE and TSX under the symbol ACB.
Aurora Cannabis reported Q3 2021 net revenue of $55.2 million, a decrease of 20.8% year-over-year, primarily due to a 53% drop in consumer cannabis sales impacted by COVID-19 challenges. Medical cannabis revenue rose 17% to $36.4 million, supported by international sales growth of 134%. The company plans $60-$80 million in additional annual cost savings, building on previous reductions of $300 million. Aurora retains a robust cash position with approximately $525 million available, enabling investment in organic growth and potential U.S. acquisitions.
Aurora Cannabis Inc. (ACB) will hold a conference call on May 13, 2021, at 5:00 p.m. Eastern Time to discuss its third-quarter fiscal year 2021 results. The financial results will be released after market close on the same day. CEO Miguel Martin and CFO Glen Ibbott will lead the call, which will include a question and answer session. Aurora is recognized as a global leader in the cannabis industry, providing innovative products across medical and consumer markets.
Aurora Cannabis (NYSE: ACB) announced the filing of a new preliminary short form base shelf prospectus, allowing for the qualification of various securities up to $1 billion over a 25-month period. The prospectus will enable the company to pursue strategic initiatives, including acquisitions and partnerships, as part of its global growth strategy. This filing is aimed at maximizing flexibility for shareholder value enhancement. Aurora continues to be a leader in the cannabis industry, catering to both medical and consumer markets.
Aurora Cannabis reported a net revenue of $70.3 million for Q2 2021, an 11% increase year-over-year, primarily driven by a 42% growth in medical cannabis sales. Notably, international medical sales surged 562%. The adjusted EBITDA loss improved by $53.1 million to $12.1 million, despite ongoing restructuring costs. Cash burn reduced by 74%, with cash on hand at $565 million. The company anticipates future cash flow improvement with its cost management strategies.
Aurora Cannabis Inc. (NYSE: ACB, TSX: ACB) has announced a conference call scheduled for February 11, 2021, at 5:00 p.m. Eastern Time to discuss its financial results for the fiscal year 2021 second quarter, ending December 31, 2020. CEO Miguel Martin and CFO Glen Ibbott will host the call. Results will be released following market close on the same day. Aurora is recognized as a leading player in the cannabis industry, focusing on high-quality products for medical and recreational markets.
Aurora Cannabis Inc. has announced a five-year strategic supply agreement with MedReleaf Australia, making MedReleaf the exclusive supplier of Aurora's brands in Australia. The partnership covers EUGMP-certified products, including dried flower, oils, and soft gels, without requiring capital investment from Aurora. With Aurora holding a 10% stake in MedReleaf, this move aims to enhance the availability of high-quality medical cannabis for patients in Australia. Both companies are committed to expanding their reach in the rapidly growing Australian medical cannabis market.
Aurora Cannabis Inc. (NYSE: ACB) announced the closing of its bought deal public offering, raising US$137,940,000 by selling 13,200,000 Units at US$10.45 each. This includes 1,200,000 Units from the over-allotment option. Each Unit consists of one common share and half a warrant, with each full warrant allowing the purchase of one common share at US$12.60 for 36 months. Proceeds will be used for general corporate purposes, including debt reduction, aligning with the company's strategy for a strong balance sheet.
Aurora Cannabis has successfully closed its public offering of units, generating US$137,940,000. A total of 13,200,000 units were sold at US$10.45 each, including 1,200,000 units from an over-allotment option. Each unit consists of one common share and a warrant, exercisable at US$12.60 for three years. The proceeds will be used for general corporate purposes, including potential debt reduction. BMO Capital Markets and ATB Capital Markets were the bookrunners for this offering.
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