AURORA CANNABIS IN COM NPV (OTCMKTS:ACBFF)
Shares of AURORA CANNABIS IN COM NPV (OTCMKTS:ACBFF) jumped 5.31% after the company made its debut on the Toronto Stock Exchange. Trading on Canada’s flagship stock exchange marks yet another milestone achievement for a company that has added more than $600 million in shareholder value and seen its monthly revenues more than triple over the past year.
Toronto Stock Exchange Milestone
AURORA CANNABIS IN COM NPV (OTCMKTS:ACBFF) shares are currently trading on the flagship exchange under the symbol ACB. Its shares have also been voluntarily delisted from the TSX Venture Exchange. The upgrade, according to the Chief Executive Officer Terry Booth, reflects the remarkable commercial and operational progress made since late last year.
“We are achieving record yields at our Mountain View County production facility, progressing rapidly with the construction of our 100,000+ kg per annum Aurora Sky facility at Edmonton International Airport, and are executing consistently on our national and international expansion strategy,” said Mr. Booth.
AURORA CANNABIS IN COM NPV (OTCMKTS:ACBFF) is a licensed producer of medical cannabis with operations in the U.S. and Canada. The company currently operates a 55,200 square foot, state of the art facility from where it develops its proprietary cannabis products. It is also in the process of constructing a second 800,000 square foot production facility as it looks to strengthen its position in the fast growing industry.
AURORA CANNABIS IN COM NPV (OTCMKTS:ACBFF) is currently in the process of acquiring its third production facility in Pointe Claire, Quebec, to further support domestic growth. In addition to pursuing growth opportunities back at home, Aurora Cannabis is also looking to grow its footprint on the international scene.
AURORA CANNABIS IN COM NPV (OTCMKTS:ACBFF), through its subsidiary Pedanios, has passed the first application to become a licensed medical cannabis operator in Germany. The subsidiary is set to participate in a second and final stage of the application process. The process involves contract negotiations for cultivation, processing, storing, packaging and delivery of medical cannabis products.
Pedanios is German’s largest importer, exporter, and distributor of medical cannabis. The company has shipped to more than 1,000 German pharmacies. Germany is poised to be one of the biggest markets in medical cannabis given that the country’s healthcare system covers the cost of medical cannabis. A population of more than 80 million people also presents a unique target market that AURORA CANNABIS IN COM NPV (OTCMKTS:ACBFF) can rely on for sales growth.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
Don’t miss out! Stay informed on $ACBFF and receive breaking news on other hot stocks by signing up for our free newsletter!
About the author: Steve Clark is a 23-year Wall St professional with stints in M&A, risk management, and algorithm trading. Steve keeps his head in the game by looking for, and writing about, small companies that often get overlooked by the big investment firms.