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Aurora Cannabis Inc (ACB.TO)

ACB.TO on Toronto Stock Exchange

7.71CAD
22 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Aurora Cannabis Provides Corporate Update For The Fourth Quarter Of Fiscal 2019
Tuesday, 6 Aug 2019 

Aug 6 (Reuters) - Aurora Cannabis Inc ::AURORA CANNABIS PROVIDES CORPORATE UPDATE FOR THE FOURTH QUARTER OF FISCAL 2019.AURORA CANNABIS INC - COMPANY ANTICIPATES NET REVENUES FOR QUARTER ENDED JUNE 30, 2019 OF BETWEEN $100 MILLION AND $107 MILLION (NET OF EXCISE TAXES).AURORA CANNABIS INC - FISCAL Q4 2019 NET CANNABIS REVENUE IS EXPECTED TO BE BETWEEN $90 MILLION AND $95 MILLION.AURORA CANNABIS INC - COMPANY ANTICIPATES TOTAL NET REVENUES FOR FISCAL YEAR ENDED JUNE 30, 2019 TO BE BETWEEN $249 MILLION - $256 MILLION.AURORA CANNABIS INC - EXPECTS TO REPORT THAT PRODUCTION AVAILABLE FOR SALE FOR Q4 2019 WILL BE AT UPPER END OF RANGE BETWEEN 25,000 KG AND 30,000 KG.  Full Article

Aurora Cannabis And UFC Launch Clinical Research On Use Of Hemp-Derived CBD Products By MMA Athletes
Wednesday, 24 Jul 2019 

July 24 (Reuters) - Aurora Cannabis Inc ::AURORA CANNABIS AND UFC® LAUNCH CLINICAL RESEARCH ON USE OF HEMP-DERIVED CBD PRODUCTS BY MMA ATHLETES.AURORA CANNABIS - CO, UFC ANNOUNCE LAUNCH OF A JOINT CLINICAL RESEARCH PROGRAM THAT WILL PRODUCE MULTIPLE STUDIES UNDER THEIR RECENT PARTNERSHIP TERMS.AURORA CANNABIS - NEW STUDIES WITH UFC TO ADVANCE SCIENCE ON CBD USE AND ATHLETE HEALTH AND WELLNESS.AURORA CANNABIS - NEW STUDIES WITH UFC TO DRIVE PRODUCT DEVELOPMENT UNDER NEW U.S. SPORTS PERFORMANCE BRAND, ROAR SPORTS.AURORA CANNABIS - CO, UFC WILL EXAMINE HEMP-DERIVED CBD AS AN EFFECTIVE TREATMENT FOR PAIN, INFLAMMATION, WOUND-HEALING, AND RECOVERY ON MMA ATHLETES.  Full Article

Hempco Food And Fiber Signs Definitive Agreement With Aurora Cannabis For Acquisition Of Remaining Interest In Hempco Food And Fiber
Friday, 28 Jun 2019 

June 28 (Reuters) - Hempco Food and Fiber Inc ::HEMPCO FOOD AND FIBER INC. SIGNS DEFINITIVE AGREEMENT WITH AURORA CANNABIS FOR ACQUISITION OF REMAINING INTEREST IN HEMPCO FOOD AND FIBER.HEMPCO FOOD AND FIBER INC - AURORA WILL, UPON DEAL CLOSE, ISSUE ABOUT 0.08659 AURORA SHARES EXCHANGE FOR EACH CO'S SHARE NOT ALREADY OWNED BY AURORA.HEMPCO FOOD AND FIBER INC - HEMPCO SHAREHOLDERS WILL NOT RECEIVE ANY CASH IN TRANSACTION.  Full Article

Aurora Cannabis Prepared For Expansion Of Canada's Cannabis Market
Friday, 21 Jun 2019 

Aurora Cannabis Inc ::AURORA CANNABIS PREPARED FOR EXPANSION OF CANADA'S CANNABIS MARKET.AURORA CANNABIS INC - ANNOUNCED ITS PLANS FOR EXPANSION OF CONSUMER CANNABIS MARKET INTO VAPES, CONCENTRATES, AND EDIBLES.AURORA CANNABIS INC - "INTENDS TO PRODUCE NEW, HIGH-QUALITY PRODUCTS ACROSS COUNTRY IN A VARIETY OF PRODUCT CATEGORIES.".  Full Article

Aurora Cannabis Posts Q3 Net Revenue $65.15 Mln Vs $16.10 Mln
Wednesday, 15 May 2019 

May 14 (Reuters) - Aurora Cannabis Inc ::AURORA CANNABIS ANNOUNCES FINANCIAL RESULTS FOR THE THIRD QUARTER OF FISCAL 2019.QTRLY PRODUCTION VOLUME INCREASED 99% TO 15,590 KGS, UP 1,200% YEAR-OVER-YEAR.QTRLY NET REVENUE $65.15 MILLION VERSUS $16.10 MILLION.Q3 REVENUE VIEW C$77.2 MILLION -- REFINITIV IBES DATA.AURORA REITERATES ITS TARGET FOR Q4 WITH PRODUCTION AVAILABLE FOR SALE IN EXCESS OF 25,000 KG.AURORA CANNABIS-ANTICIPATES PRODUCTION OF EXTRACT-BASED PRODUCTS TO INCREASE, WITH THE FULL IMPACT STARTING TO MATERIALIZE TOWARDS THE END OF FISCAL Q4.QTRLY CANNABIS NET REVENUE $58.65 MILLION VERSUS $10.81 MILLION.AURORA CANNABIS- ANTICIPATES CONTINUED REDUCTION IN PRODUCTION AND MANUFACTURING COSTS ALLOWING CASH COSTS PER GRAM TO CONTINUE TO TREND LOWER.AURORA CANNABIS- MANAGEMENT REITERATES ITS EXPECTATION THAT THE AVERAGE CASH COST TO PRODUCE PER GRAM AT ITS SKY CLASS FACILITIES WILL BE BELOW $1.QTRLY LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $158.4 MILLION VERSUS $19.2 MILLION.QTRLY CANNABIS CASH COST TO PRODUCE PER GRAM $1.42 VERSUS $1.53.AURORA CANNABIS- SEES ANNUALIZED PRODUCTION RUN RATE ACROSS ITS OPERATIONAL FACILITIES IS IN EXCESS OF 150,000 KG PER ANNUM, BASED ON PLANTED ROOMS.AURORA CANNABIS- WELL POSITIONED TO ACHIEVE POSITIVE EBITDA BEGINNING IN FISCAL Q4 2019 (CALENDAR Q2 2019).  Full Article

Aurora Cannabis And Enwave Corp Enter Global Licensing Arrangements
Friday, 26 Apr 2019 

April 26 (Reuters) - Aurora Cannabis Inc ::AURORA CANNABIS AND ENWAVE CORPORATION ENTER GLOBAL LICENSING ARRANGEMENTS.AURORA CANNABIS SAYS CO, ENWAVE ESTABLISH INTELLECTUAL PROPERTY PARTNERSHIP AND $10 MILLION STRATEGIC EQUITY INVESTMENT.AURORA CANNABIS SAYS CO, ENWAVE ENTERED ROYALTY-BEARING COMMERCIAL LICENSE.AURORA-AGREEMENT PROVIDES CO RIGHTS TO ENWAVE'S PATENTED RADIANT ENERGY VACUUM TECHNOLOGY FOR CANNABIS MATERIAL PRODUCTION IN EU, EXCLUDING PORTUGAL.AURORA - PLACED PURCHASE ORDER FOR 2 OF ENWAVE'S 120KW REVENUE DEHYDRATION SYSTEMS FOR AURORA SKY AND AURORA SUN FACILITIES IN CANADA.AURORA - ALSO ACQUIRED 10KW PILOT-SCALE ENWAVE REVENUE MACHINE FOR PRODUCT DEVELOPMENT, PROTOCOL DEVELOPMENT AND RESEARCH AND DEVELOPMENT.AURORA-ALL INTELLECTUAL PROPERTY DEVELOPED UNDER IPA TO BE OWNED BY ENWAVE, BUT REALIZABLE COMMERCIAL VALUE WILL BE SHARED ON UNDISCLOSED BASIS WITH CO.AURORA - ALL OTHER TERMS OF IPA ARE CONFIDENTIAL.AURORA - PURSUANT TO LICENSE, CO WILL SHARE UNDISCLOSED PERCENTAGE OF ROYALTIES GENERATED THROUGH SUB-LICENSING OF ENWAVE'S PATENT PORTFOLIO.AURORA - HAS MADE $10 MILLION STRATEGIC EQUITY INVESTMENT IN ENWAVE.AURORA - AS CONSIDERATION FOR ENWAVE SHARES, CO ISSUED TO ENWAVE 840,576 COMMON SHARES IN CAPITAL OF AURORA AT A DEEMED PRICE OF $11.8966 PER SHARE.AURORA - WILL PAY ENWAVE ROYALTY ON ALL CANNABIS PRODUCTS PROCESSED USING REVENUE MACHINERY.AURORA - WILL HAVE NON-EXCLUSIVE SUB-LICENSE TO ENWAVE TECHNOLOGY IN CANADA.  Full Article

Aurora Cannabis Awarded Maximum Number Of Lots In German Cannabis Production Tender
Friday, 5 Apr 2019 

April 5 (Reuters) - Aurora Cannabis Inc ::AURORA CANNABIS AWARDED MAXIMUM NUMBER OF LOTS IN GERMAN CANNABIS PRODUCTION TENDER.AURORA CANNABIS INC - SELECTED BY GERMAN BUNDESINSTITUT FÜR ARZNEIMITTEL UND MEDIZINPRODUKTE BFARM.AURORA CANNABIS INC -SELECTED AS ONE OF 3 WINNERS IN PUBLIC TENDER TO CULTIVATE AND DISTRIBUTE MEDICAL CANNABIS IN GERMANY.AURORA CANNABIS INC - CONTRACT WILL BE FORMALIZED AT EARLIEST ON APRIL 17, 2019, PENDING OUTCOME OF AN APPEAL PROCEDURE.  Full Article

Cann Group Announces Aurora Cannabis Tie-up, Mildura Expansion
Monday, 18 Mar 2019 

March 19 (Reuters) - Cann Group Ltd ::ENTERED INTO A NON-BINDING HEADS OF AGREEMENT TO PURCHASE A SITE LOCATED WITHIN MILDURA REGION TO CONSTRUCT A STATE-OF-ART GREENHOUSE.NEW GREENHOUSE FACILITY EXPECTED TO BE FULLY COMMISSIONED IN Q3 2020 WITH ESTIMATED CONSTRUCTION COST OF ABOUT $130 MILLION.ENTERED AGREEMENT WITH AURORA CANNABIS INC FOR OFFTAKE OF MEDICINAL CANNABIS PRODUCED BY CANN."REVENUE GUIDANCE REAFFIRMED OF $160M-$200M ONCE MILDURA FACILITY FULLY COMMISSIONED".TO PURCHASE SITE IN MILDURA RURAL CITY COUNCIL FOR $10.75 MILLION TO CONSTRUCT GREENHOUSE FOR PRODUCTION OF MEDICINAL CANNABIS.  Full Article

Aurora Cannabis Says Revenue Growth Negatively Impacted By Excise Tax On Cannabis Sales- Conf. Call
Monday, 11 Feb 2019 

Feb 11 (Reuters) - AURORA CANNABIS INC ::NOT COLLECTING TAX FROM MEDICAL PATIENTS, ABSORBING COST DESPITE SLIGHT NEGATIVE EFFECTS - CO EXEC, CONF. CALL.REVENUE GROWTH NEGATIVELY IMPACTED BY EXCISE TAX ON CANNABIS SALES - CO EXEC, CONF. CALL.BELIEVE THE U.K. WILL TURN OUT TO BE A VERY SUBSTANTIAL MARKET FOR MEDICAL CANNABIS - CO EXEC, CONF. CALL.BELIEVE CO GETTING HIGHER AVERAGE PRICE FOR PRODUCTS THAN SELECTED OTHER COS IN THE SECTOR - CO EXEC, CONF. CALL.  Full Article

Aurora Cannabis Announces Financial Results For The Second Quarter Of Fiscal 2019
Monday, 11 Feb 2019 

Feb 11 (Reuters) - Aurora Cannabis Inc ::AURORA CANNABIS ANNOUNCES FINANCIAL RESULTS FOR THE SECOND QUARTER OF FISCAL 2019.AURORA CANNABIS INC - QTRLY NET REVENUE $54.2 MILLION VERSUS $11.7 MILLION.AURORA CANNABIS - REITERATES PREVIOUS GUIDANCE THAT CO WILL HAVE ABOUT 25,000 KGS AVAILABLE FOR SALE IN Q4.AURORA CANNABIS INC - Q2 2019 KILOGRAMS PRODUCED AND KILOGRAMS SOLD OF 7,822 AND 6,999 WERE UP 57% AND 162%.AURORA CANNABIS INC - CASH COST TO PRODUCE PER GRAM OF DRIED CANNABIS SOLD TEMPORARILY INCREASED TO $1.92 IN Q2 2019.AURORA CANNABIS INC - QTRLY CANNABIS NET REVENUE $47.6 MILLION VERSUS $9.8 MILLION.AURORA CANNABIS INC - QTRLY GROSS MARGIN ON CANNABIS NET REVENUE 54 PERCENT, DOWN 15 PERCENT.AURORA CANNABIS INC - QTRLY LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $237.8 MILLION VERSUS EARNINGS OF $7.7 MILLION.  Full Article

CANADA STOCKS-TSX bounces as techs rise, slowdown concerns ease

Aug 16 Canada's main stock index attempted to bounce back from a two-day slide on Friday, as expectations of further stimulus from global central banks eased concerns of an economic slowdown.