Aurora Cannabis Inc Stock Price, News & Analysis

Aurora Cannabis Inc. (NASDAQ: ACB, TSX: ACB) has announced the launch of a new tracking program to enhance the wellness journey of cannabis patients. Set to empower users alongside healthcare advice, the Strainprint® App allows users to record symptoms and consumption habits, helping them identify the most suitable cannabis strains and dosages. This initiative aligns with Aurora's commitment to improving patient lives through innovative solutions in the cannabis industry. The Strainprint App is available for free on both the Apple Store and Google Play Store. With a focus on quality and patient well-being, Aurora continues to advance in both medical and recreational cannabis sectors.

Aurora Cannabis (NASDAQ: ACB) announced an exciting new product lineup set to launch in April 2023, featuring original cultivars and strain-specific products aimed at both medical patients and recreational consumers. The new offerings include:

• Pink Diesel '71 and Moon Berry flower strains from Aurora's breeding program.
• Tangerine Dream Cured Resin Gummies infused with strain-specific cured resin.
• Slymer and Trufflez Live Resin Vapes.

The expansion aims to meet the increasing demand for high-quality cannabis products, leveraging Aurora's genetics and research capabilities. Vice President Lana Culley emphasizes a commitment to innovation and quality, aiming to resonate with both consumer expectations and market trends.

Aurora Cannabis has recently repurchased approximately $22.3 million of its convertible senior notes, with a total cash cost of $16.7 million. This strategic move is aimed at reducing debt and annual cash interest expenses, leading to expected savings of $2.6 million annually. Since December 2021, Aurora has repurchased a total of $385 million in notes, realizing annual cash interest savings of around $21 million. The company now holds approximately $79 million in outstanding notes, reinforcing its strong balance sheet, which is among the best in the Canadian cannabis sector. Aurora continues to focus on profitable growth in both the global medical and Canadian adult-use markets.

Aurora Cannabis (NASDAQ: ACB) and MedReleaf Australia have launched IndiMed Tempo 26, a new line of higher THC dried cannabis products for medical patients under the MedReleaf Concession Scheme (MCS). This initiative aims to enhance patient choice and accessibility to medical cannabis in Australia. Tempo 26 expands the product offerings available to doctors, allowing for more flexible prescriptions. The MCS provides discounted products for patients with certain concession cards, making it easier for those facing serious health conditions to access necessary treatments. Aurora holds a 10% stake in MedReleaf Australia, which is committed to high-quality cannabis cultivation.

Aurora Cannabis (ACB) has successfully repurchased approximately $46.6 million of its convertible senior notes for $45.6 million in cash, saving $2.6 million in annual interest payments. This repurchase, executed at a 2.5% discount to par value, is part of Aurora's strategy to enhance financial discipline and reduce debt. Since December 2021, the company has repurchased a total of $366 million in notes, leading to annual savings of $20 million. Aurora's balance sheet remains among the strongest in the Canadian cannabis sector, with a focus on profitable growth in medical and adult-use markets.