How High Is the Blue Sky for Aurora Cannabis (ACB) Stock?
Aurora Cannabis (ACB), Canada’s production leader in the marijuana industry, made waves last week when it released preliminary fiscal Q4 earnings numbers. The company is not scheduled to report official earnings for the quarter until September 24, but the early returns are looking good.
HIGHLIGHTS
- Aurora has said that it expects to report C$100 to C$107 million in net sales for the quarter, and predicts full-year revenues between C$249 and C$256 million
- Cowen analyst Vivien Azer gives Aurora a Buy rating
- Analyst Tamy Chen from BMO Capital also sees reason for optimism in Aurora for the near-term.
Read more at Yahoo Finance
