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Aurora Cannabis Inc T.ACB

Alternate Symbol(s):  T.ACB.WS.U | ACB

Aurora Cannabis Inc. is a Canada-based medical cannabis company. The Company’s principal business lines are focused on the production, distribution and sale of cannabis and cannabis-derivative products in Canada and internationally, and the propagation of vegetables and ornamental plants in North America. Its segments include Canadian Cannabis and Plant Propagation. The Company's adult-use brand portfolio includes Drift, San Rafael '71, Daily Special, Tasty's, Being and Greybeard. Its medical cannabis brands include MedReleaf, CanniMed, Aurora and Whistler Medical Marijuana Co, as well as international brands, Pedanios, Bidiol, IndiMed and CraftPlant. It also has a controlling interest in Bevo Farms Ltd., North America's supplier of propagated vegetables and ornamental plants in North America. Its subsidiaries include Aurora Cannabis Enterprises Inc., Aurora Deutschland GmbH, TerraFarma Inc., Whistler Medical Marijuana Corporation, and Indica Industries Pty Ltd., among others.


TSX:ACB - Post by User

Bullboard Posts
Post by Homestretch4meon May 12, 2019 11:04am
261 Views
Post# 29739045

Good luck

Good luck
Aurora Cannabis Aurora Cannabis (NYSE:ACB), Canada's projected leading pot producer, looks to have one of the highest probabilities of taking a writedown among all marijuana stocks. That's because its capacity expansion strategy has been more reliant on acquisitions than its peers. Last year, it gobbled up MedReleaf for $2 billion, CanniMed Therapeutics for about $850 million, and ICC Labs for $200 million, with a $130 million purchase of Whistler Medical Marijuana earlier this year. All told, Aurora has made 15 acquisitions since August 2016. Although these purchases have pushed Aurora's projected output to the front of the pack, it's come with a price. The company ended the fiscal second quarter (Dec. 31, 2018) with CA$3.06 billion in goodwill on its balance sheet, representing 63% of the company's total assets. Aurora will, presumably, recoup some of this value (especially from MedReleaf) after it brings acquired cultivation capacity online. But recovering more than CA$3 billion in premium is going to be difficult for any company, let alone one in a relatively new industry that's facing supply chain challenges in its home market. The next couple of quarters will be particularly telling for Aurora. Ideally, investors would like to see a decline in goodwill as a percentage of total assets in the company's fiscal third quarter report, which will be released later this week. But if history proves anything, nothing works "ideally" with Aurora Cannabis.
Bullboard Posts