Shoppers Drug Mart may have yet to receive its medical cannabis license from Health Canada, but it is moving full steam ahead to make sure it has secured multiple Canadian cannabis suppliers to provide its customers with products.
Tag Archives: Aurora Cannabis
The 5 Hidden Risks of Owning Marijuana Stocks
For all that’s worked in favor of marijuana stocks in recent years, there are plenty of risks. Some of these risks, such as profitability eluding most pot stocks, are readily apparent.
Aurora, Canopy Stock Get a Required Boost with Sweden Marijuana Interest
Two of the top 10 most-traded shares in Sweden in January 2018 were Canada marijuana stocks, adding further proof that the marijuana market is growing more global with each passing day.
Aurora Cannabis to Buy Rival to Create World’s Most Valuable Weed Firm
Canada’s No. 2 marijuana producer Aurora Cannabis Inc has agreed to buy smaller rival CanniMed Therapeutics Inc for C$1.1 billion ($852 million) as companies jostle to benefit from the country’s legalization of recreational marijuana use later this year.
Cannabis Firm Aurora in Talks to Buy Both CanniMed and Newstrike
Canadian marijuana producer Aurora Cannabis Inc (ACB.TO) is in talks with rivals CanniMed Therapeutics Inc (CMED.TO) and Newstrike Resources Ltd (HIP.V) to buy both businesses in a friendly deal that would create the nation’s top weed company, people familiar with the matter told Reuters on Friday.
Aurora Stock: What to Expect from the Aurora-CanniMed Ceasefire
Here’s Why Aurora Stock May Survive the Volatility. A simple case of acquisition has turned two marijuana companies—Aurora Cannabis Inc. (TSE: ACB), (OCTMKTS: ACBFF) and CanniMed Therapeutics Inc. (TSE: CMED), OCTMKTS: CMMDF)—into the biggest adversaries
Aurora Cannabis Partners With Denmark-Based Alfred Pedersen & Son
On Jan. 4, 2018, Canadian marijuana producer Aurora Cannabis (TSX: ACB) announced its decision to team up with Denmark-based Alfred Pedersen & Son in an effort to cultivate and eventually sell marijuana throughout Europe.
Canadian Marijuana Index Jumps 52% in November, Reaching All-Time High
After gaining 15% in October, the Canadian market continued its rally as the Canadian Marijuana Index increased 52% in November, the largest single month increase since the index’s creation.
Cam Battley: CanniMed Shareholders Should Tender Their Shares to Aurora
Aurora Cannabis has launched the first ever “hostile” takeover of another ACMPR Licensed Producer of Medical Marijuana. Executive Vice President Cam Battley lays out the case for why CanniMed shareholders should tender their shares to the Aurora bid.
Canada’s Aurora Cannabis Boosts Stake in Australia-Based Cann Group
Canada’s Aurora Cannabis Inc (ACB.TO) said on Monday it increased its stake in Australia-based Cann Group Ltd (CAN.AX) to 22.9 percent from 19.9 percent, its latest move to expand in the cannabis industry.
Deal-Making in the Cannabis Industry Hits an All-Time High
If it seems like there’s been a spurt of deals and potential deals going on in the cannabis industry lately, it’s because that’s exactly what’s happening.
Most Canadian Cannabis Producers Expect Consolidation of Competition
While Canadian cannabis producers are preparing for the country’s roll out of recreational cannabis, they are also preparing for a potential shift in the market’s landscape.
Canada Weed Stocks Come Off High as Challenges Loom Before Legalization
Canada’s weed stocks, which have surrendered some of the potent gains that pushed them to record highs this month, face a bumpy ride in 2018 that could purge smaller players, as the country moves to allow recreational use of cannabis in July.
Aurora Cannabis Makes Proposal to Acquire Rival Company CanniMed
Vancouver-based Aurora Cannabis Inc. said Tuesday that it has made an all-share offer for CanniMed Therapeutics Inc., a fellow Canadian medical marijuana company.
First Look at the Proposed Canadian Cannabis Tax Framework
While several provinces have announced their plans for recreational cannabis distribution and retail operations, industry stakeholders have been waiting for an announcement on the Canadian cannabis tax framework and that moment has now arrived.
Aurora Cannabis, a Billion-Dollar Pot Producer, Posts $6M in Revenue
Most interviews with Cam Battley — Aurora Cannabis Inc.’s zealous executive vice-president — inevitably yield considerable enthusiasm about the company’s outlook.
Aurora Ships First 50 Kilos of Medical Cannabis to Germany
Landmark legislation has led to the first serious deal in terms of shipping cannabis globally, with an initial consignment of dried medical cannabis already on its way to Germany for distribution. Now that Aurora are the proud recipients of a Health Canada issued Export Permit, they can legally send medical cannabis to Germany.
Operational Update: Aurora Cannabis Surpasses 19,000 Patients; Record Monthly Revenue, Shipments, Grams Sold
VANCOUVER, Aug. 31, 2017 /Weed Wire/ – Aurora Cannabis Inc. (“Aurora” or the “Company”) (TSX: ACB) (OTCQX: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) is pleased to provide the following operational update.
Why Canopy Growth Corp. Will Become Great Again in the Eyes of Investors
Canopy Growth Corp. (TSX:WEED) was the first cannabis stock to the market and quickly captured the attention of traders and risk-taking growth investors alike. As a result, shares of Canopy skyrocketed 300% in a span of just a few months last year.
Why the 3 Hottest Weed Stocks of the Summer Could Get Even Hotter
For many weed stocks, the summer of 2017 hasn’t been what you’d call a scorcher. However, three marijuana stocks have sizzled this summer.
The Average Marijuana Stock Is Up 332% Over the Past Year
Over the trailing-12-month period through July 15, the average marijuana stock with a market cap in excess of $200 million — a dozen stocks in total, which excluded MedReleaf because it just went public a month ago — was up by 332%.
These 4 Marijuana Stocks All Jumped at Least 10% Last Week
In total, four marijuana stocks jumped higher by at least 10% last week. Let’s take a brief look at some of these moves.
Bad News for Canadian Marijuana Stocks: Say Hello to Your New Competition
Well, we have news for Canadian marijuana stock investors: There’s a new threat on the horizon, at least for our neighbors to the north.
3 Things to Know About Marijuana Stock Canopy Growth Corporation
Only 51 authorized licenses have been given to suppliers of medical marijuana in Canada. Canopy Growth Corporation holds four of them.
Canadian Cannabis Stocks Could Be in Trouble With Health Canada Changes
According to a press release from Health Canada in late May, big changes are coming to the country’s medical cannabis program.
The Very First Cannabis Stock ETF is Now in Bear-Market Territory
The first cannabis stock ETF of its kind, the Horizons Marijuana Life Sciences Index ETF allows investors to own more than a dozen pot stocks through a single investment fund. Today, however, is a different story.
Say Hello to the Largest North American Marijuana Stock IPO
In April, investors were privy to the very first marijuana stock ETF, which debuted on the Toronto Stock Exchange with slightly more than a dozen holdings. This represented the very first time a basket fund was created for investors to easily diversify their pot-stock holdings. And last week, investors witnessed another marijuana first: the largest North American marijuana stock IPO of all-time.
Which Cannabis Stock Could Be First to $1 Billion in Annual Sales?
If there is a “Holy Grail” milestone out there for cannabis stocks, it’s the $1 billion sales mark. The first cannabis company to hit $1 billion in sales will likely validate the industry to Wall Street and investors. But which marijuana stock has the best chance at being first to $1 billion in annual sales?
Canopy Growth Corp.: Are There Any Puffs Left to Smoke?
There are many reasons why Canopyis falling faster than its peers, but a big reason is the fact that Canopy was one of the first firms to the party. Canopy was one of the only ways to invest in the emerging marijuana industry, but now it is just one of many options to get in on the marijuana party.
The Very First Marijuana Stock ETF Has Lost Investors Money
The recently debuted marijuana stock ETF, the Horizons Medical Marijuana Life Sciences ETF, has lost value for those who’ve decided to take the plunge.
When Will Canopy Growth Corp.’s Bad Trip End?
Canopy Growth Corp.’s now down approximately 36% since my warning that the stock could be heading for a correction that would be triggered by the banned pesticides scandal.
5 Cannabis Stocks Worth Watching This Week
Since then the industry has exploded, and the number of cannabusinesses to go public have soared. Here are five cannabis stocks worth watching this week.
Marijuana Stocks Are Thriving as Support for Legalization Hits High
The marijuana industry is the hottest thing since sliced bread, and marijuana stocks are thriving. Here’s a quick rundown of the largest players.
Which Marijuana Stock Will Be Next to Reach a $1 Billion Valuation?
With two marijuana stocks already sporting market caps over $1 billion, one of these four pot stocks is likely to be next.
Canopy Growth to Implement New Pesticide-Testing for Cannabis
Canada’s biggest licensed marijuana producer, Canopy Growth, plans to subject its products to enhanced testing for pesticides and other contaminants, as the industry seeks to restore consumer confidence amid a tainted cannabis scare.
3 Pot Stocks That Will Benefit if Canada Legalizes Recreational Weed
Three Canadian medical cannabis companies, which have been expanding their growth operations like crazy over the past couple of quarters, could be in line for significant sales growth if Trudeau’s legislation passes.
Aurora Cannabis Eyes Expansion With Legalization on the Horizon
As Canada heads toward legalization of marijuana, Alberta producer Aurora Cannabis is focused on expansion with ambitions to raise a $160-million “war chest” from investors who are anxious to profit from what is expected to be a multibillion industry.
Marijuana Insiders Cash in Before Canadian Legalization Report
Insiders with two of Canada’s largest marijuana companies are cashing in on the industry’s reefer madness before the country introduces its plans for legalized recreational pot.
Could Aphria Inc. or Aurora Cannabis Inc. Dethrone Canopy Growth Corp.?
Aphria Inc. has been soaring since its graduation to the TSX last month. The company now has a $1.1 billion market cap and could pass Canopy Growth Corp. with its $1.74 billion market cap over the next few months. There’s no question Canopy stock has slowed down when compared to its peers like Aphria and Aurora Cannabis Inc
Aurora Completes Acquisition of Peloton Pharmaceuticals Inc.
VANCOUVER, British Columbia, April 4, 2017 /Weed Wire/ – Aurora Cannabis Inc. (the “Company” or “Aurora”) (TSXV: ACB) (OTCQX: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) is pleased to announce that, further to its press release of March 6, 2017, the Company has completed the acquisition of Peloton Pharmaceuticals Inc. (“Peloton”), a Montreal-area late-stage ACMPR-applicant.
Marijuana Industry Faces Challenge in Gaining Canadians’ Trust
Marijuana stocks may have leapt higher on the news of Ottawa’s plans to legalize the drug by next year, but the industry is facing an uphill battle in building trust with Canadian consumers, according to a new survey.
Aurora Cannabis Appoints Neil Belot Chief Global Business Development Officer
VANCOUVER, British Columbia, March 21, 2017 /Weed Wire/ — Aurora Cannabis Inc. (the “Company” or “Aurora”) (TSXV: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) is pleased to announce that Neil Belot has been promoted to Chief Global Business Development Officer.
Are Marijuana Companies Reporting Fictitious Earnings?
The investing community demands regular performance updates in the form of financial reports. While the need to impress investors is creating pressure for the infant marijuana industry, are the companies fairly reporting performance?
Aurora to Acquire Peloton Pharmaceuticals Inc.
VANCOUVER, British Columbia, March 6, 2017 /Weed Wire/ — Aurora Cannabis Inc. (the “Company” or “Aurora”) (TSXV: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) is pleased to announce that its proposal (the “Proposal”) to acquire Peloton Pharmaceuticals Inc. out of bankruptcy protection was approved by Peloton’s creditors at a recent meeting (the “Creditor Meeting”).
Aurora Cannabis Expands E-commerce Strategy With Launch of Second Generation Mobile App
VANCOUVER, British Columbia, March 1, 2017 /Weed Wire/ — Aurora Cannabis Inc. (the “Company” or “Aurora”) (TSXV: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM), today unveiled the second generation of its popular mobile application, incorporating a number of enhanced features to provide a significantly upgraded user experience to new and existing clients of the Company.
Will Falling Cannabis Prices Hurt Marijuana Stocks?
Marijuana prices are falling. Could marijuana stock prices drop soon, too?
Aurora Receives Health Canada License to Sell Cannabis Oils
VANCOUVER, British Columbia, Jan. 23, 2017 /Weed Wire/ — Aurora Cannabis Inc. (the “Company” or “Aurora”) (TSXV: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) is pleased to announce that on January 20, 2017, its wholly-owned subsidiary, Aurora Cannabis Enterprises Inc., a licensed producer and distributor of medical cannabis, was licensed by Health Canada for the sale of cannabis oils.
Operational Update: Aurora Cannabis Surpasses 12,000 Registered Patients in First 12 Months of Product Sales
VANCOUVER, British Columbia, Jan. 16, 2017 /Weed Wire/ — Aurora Cannabis Inc. (“Aurora” or the “Company”) (TSXV: ACB) (OTCQB: ACBFF) (Frankfurt: 21P; WKN: A1C4WM) is pleased to provide the following operational update.
3 Myths About Marijuana Stocks
Most myths have at least a little bit of truth interspersed with a lot that is false. That’s the case with these three myths about marijuana stocks that some might mistakenly believe.
Opinions Split Over Minimum Age for Legal Pot in Alberta
Opinions are split on setting a minimum age for purchasing cannabis following a report from the federal Task Force on Cannabis Legalization and Regulation.