BioTech

AURORA CANNABIS IN COM NPV (OTCMKTS:ACBFF) Eyes $8 Billion Industry With Aurora Drops

APHRIA INC COM NPV(OTCMKTS:APHQF)

AURORA CANNABIS IN COM NPV (OTCMKTS:ACBFF)

AURORA CANNABIS IN COM NPV (OTCMKTS:ACBFF) has started selling a new set of ingestible cannabis oils as Canada inches a step closer to legalizing the recreational use of Marijuana. Dubbed Aurora Drops, the three distinct cannabis oils will go on sale for $115 per bottle. However, clients under the company’s compassionate pricing program will be able to buy it at $80 a bottle.

Aurora Unveils Aurora Drops

The launch of the three distinct oils marks yet another milestone for the Canadian company which is turning heads in the multibillion-cannabis space. Chief Global business development officer, Neil Belot, expects Aurora Drops to significantly bolster the company’s top and bottom-line results.

“We have produced a sizeable inventory of Aurora Drops for our domestic medical client base, and will be continuing to ramp up production in order to address the strong demand we anticipate for high-quality, high-margin derivative products, manufactured under the rigorous Aurora Standards regarding processes, testing, and transparency,” said Mr. Belot.

Aurora Peloton Acquisition

The launch of Aurora drops comes on the heels of the company completing the acquisition of Peloton Pharmaceuticals, which is currently constructing a 40,000 square foot cannabis production facility. Once complete the facility will further bolster Aurora cannabis production capacity, allowing it to produce more products to meet the ever-growing demand in the market.

Peloton’s acquisition also provides Aurora with another low-cost production capacity as it continues to ramp up. The acquisition is also expected to bolster the company’s e-commerce strategy according to CEO, Terry Booth.

Canada Marijuana Legalization

The launch of Aurora Drops and acquisition of Peloton could not have come at a better time as the legalization drive continues to gather momentum. Canada could become the second country after Uruguay to legalize recreational use of Marijuana – a move that could result in the creation of an $8 billion industry. The push is already fuelling investment in the industry as companies look to accrue a substantial amount of market share on the back of growing demand for cannabis products.

According to estimates, demand Canada’s adult market could approach 600,000 kg of cannabis. This represents a significant increase from the current levels and one of the reasons why companies are investing big on production facilities. Aurora is currently constructing an 800,000 square foot marijuana production facility dubbed Aurora Sky.

CANOPY GROWTH CORP COM NPV (OTCMKTS:TWMJF) and APHRIA INC COM NPV (OTCMKTS:APHQF) are the other companies that are rivaling Aurora cannabis on acquisitions and development of cannabis production facilities.

Aurora Cannabis was unchanged in Monday trading session closing the day at $2.05 a share.

I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.

About the author: Monica Gray has an undergraduate degree in Accounting and an MBA – earned with Honors. She has six years of experience in the financial markets and has been a securities analyst for the past two years.

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Monica has an undergraduate degree in Accounting and an MBA she earned - with Honors. She has six years of experience in the financial markets and has been an analyst for the past two years.

10 Comments

  1. I would very interested in speaking with the C.E.O. of Aurora. I’m interested in starting a delivery business with cannabis. I currently live in Phoenix AZ and the delivery business with cannabis is making a fortune. I just need a mentor to help me start this business in Canada. Thank you for listening.

  2. I’m hanging on to Aurora. I’m from CA, bought it around $3.00, was feeling discouraged, but when I read things like this, I see that light of hope, not just smoke, at the end of the tunnel!

  3. Aurora’s stock will rocket upon completion of Aurora Sky in October. This will be the world’s largest and most advanced marijuana production facility. Also the partnership with Radient Technologies will yield unique high-grade products. Way undervalued compared the APH and WEED. I see this stock trading near $7.00 by summer 2018.

  4. Two things will happen in the near future after Aurora sky is completed and producing…..One aurora stock will shoot up and be in the ball park of APH and WEED prices or Two it will remain the same and the other two will drop. Enjoy the wild ride up to the legalization.

  5. I would like to see the price of the oil lower to match other companies. Coconut oil would also interest me.
    My 95 lb dog takes 3 drops twice a day but I had to start him at 1 drop.
    Your oil is too strong in fact 3 times the strength of the company I purchase. Please consider a product for smaller humans and animals.
    Love what you do and I am a stock owner.

  6. Hello can you help me with information on how to invest my money into.it uve been doing research and to no avail.i am.a simple hard working father of four who wants to provide a stable financial life and i need help i have no idea .so can you please help me with just information on who do i look for please

  7. Hello Donna Sherwood my name is Ellis Diaz and i need help with information on how to invest my money into the company. I am a hard working father of four who wants to provide a stable financial life for them.thank you any information will help

  8. The staff of SNU would suggest that anyone interested in investing consult with a licensed professional.

  9. If you dont have a direct investment account, set one up. This will give you access to free
    research from stock analysts. You can also get free email alerts through your online broker.
    Read the information and study the financial statements. Learn about fundamental analysis and technical indicators. This will give you the confidence to buy and sell stocks.
    Alternatively, you may want to adopt a “buy and hold strategy”.
    If you find a term that you dont understand, there are plenty of free resources online, for example, Investopedia.com

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