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Aurora Cannabis Inc. (ACB.TO)

Toronto - Toronto Real-time price. Currency in CAD
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3.7300-0.1600 (-4.11%)
At close: 04:00PM EDT
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    These 3 Former High-Flying Stocks Can Soar Up to 439%, According to Wall Street

    No matter your level of experience investing money on Wall Street, it's been a rough year. Meanwhile, the technology-driven Nasdaq Composite declined close to 30% from its November all-time high, firmly placing it in a bear market. This is why Wall Street analysts typically have a bullish outlook on many of the companies they cover.

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    Why Aurora Cannabis, Canopy, and Sundial Stocks Popped on Friday

    Canadian cannabis company Aurora Cannabis (NASDAQ: ACB) reported its fiscal third-quarter 2022 earnings last night, and in so doing, sparked a rally across the cannabis sector today. As of 1 p.m. ET, shares of Aurora Cannabis itself are already up 13%, and peer producers Canopy Growth (NASDAQ: CGC) and Sundial Growers (NASDAQ: SNDL) are benefiting as well -- up 8.5% and 5.9%, respectively. Heading into Q3, analysts had forecast that Aurora Cannabis would lose $0.19 per share (0.25 Canadian dollars, and furthermore, this was a pro forma prediction) on sales of $41.5 million -- about CA$53.7 million.

  • Motley Fool

    Aurora Cannabis Inc. (ACB) Q3 2022 Earnings Call Transcript

    With me today are CEO, Miguel Martin; and CFO, Glen Ibbott. Listeners are also reminded that certain matters discussed in today's conference call could constitute forward-looking statements that are subject to risks and uncertainties related to our future financial or business performance.