Aurora Cannabis Launches New ATM Offering Program

Written by Emily J. Thompson, Senior Investment Analyst

Source: PRnewswire

Updated: 1h ago

0mins

ACB+3.57%

Should l Buy ACB?

Source: PRnewswire

ATM Program Launch: Aurora Cannabis has announced a new at-the-market offering program allowing the company to issue up to $100 million in common shares at its discretion, which is expected to enhance its capital structure and market flexibility.
Defined Use of Proceeds: The net proceeds from this offering will be directed towards increasing cultivation capacity and pursuing M&A opportunities, indicating the company's intent to capitalize on growth prospects in the rapidly evolving medical cannabis market.
Compliance Assurance: The program adheres to National Instrument 44-102 regulations, facilitating common share distributions through NASDAQ, thereby ensuring all transactions comply with U.S. securities laws and mitigating legal risks.
Market Reaction Anticipation: Aurora's common shares will be sold at prevailing market prices in the U.S., which is expected to attract investor interest and further elevate the company's visibility and influence in the global medical cannabis sector.

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Analyst Views on ACB

Wall Street analysts forecast ACB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ACB is 4.32 USD with a low forecast of 4.32 USD and a high forecast of 4.32 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

1 Analyst Rating

0 Buy

1 Hold

0 Sell

Hold

Current: 3.920

Low

4.32

Averages

4.32

High

4.32

Current: 3.920

Low

4.32

Averages

4.32

High

4.32

Canaccord

Buy

initiated

$10

2026-01-27

Reason

Canaccord

Price Target

$10

AI Analysis

2026-01-27

initiated

Buy

Reason

Canaccord initiated coverage of Aurora Cannabis with a Buy rating and C$10 price target. The medical-first operator is "the leading medical player" in Canada and "a foremost player" in the key international markets of Germany, Poland, Australia, and the UK, the analyst tells investors in a note starting coverage of the the Canadian cannabis group. A domestic pivot supported an expansion into the high-margin international markets, where gross margins are roughly 2.5-times higher, on average, than in Aurora's medically focused Canadian business, the analyst noted.

About ACB

Aurora Cannabis Inc. is a Canada-based medical cannabis company. The Company’s principal business lines are focused on the production, distribution and sale of cannabis and cannabis-derivative products in Canada and internationally. The Company’s segments include Cannabis and Plant Propagation. The Company's adult-use brand portfolio includes Drift, San Rafael '71, Daily Special, Tasty's, Being and Greybeard. Its medical cannabis brands include MedReleaf, CanniMed, Aurora and Whistler Medical Marijuana Co, as well as international brands, Pedanios, IndiMed and CraftPlant. The Company also holds a 50.1% controlling interest in Bevo Farms Ltd., a supplier of propagated vegetables and ornamental plants in North America. Its subsidiaries include Aurora Cannabis Enterprises Inc., Aurora Deutschland GmbH, Whistler Medical Marijuana Corporation, and Indica Industries Pty Ltd., among others.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Aurora Cannabis Reports Strong Q3 2026 Financial Results

1 hour agoPRnewswire

Record Revenue: Aurora Cannabis achieved a net revenue of CAD 94.2 million in Q3 2026, a 7% increase from the previous year, with the medical cannabis segment contributing CAD 76.2 million, highlighting the company's strong growth potential in the global medical cannabis market.
Adjusted EBITDA Performance: Adjusted EBITDA stood at CAD 18.5 million, showing a slight decline from the previous year, yet reflecting the company's ongoing investments in high-margin businesses and improved operational efficiencies.
Improved Cash Flow: Free cash flow reached CAD 15.5 million, significantly improving compared to the previous year, indicating the company's success in cost control and operational optimization, thereby enhancing its capacity for future investments.
Strategic Focus Shift: Aurora has decided to exit lower-margin consumer cannabis markets to concentrate resources on the higher-margin medical cannabis business, which is expected to further enhance overall gross margins and adjusted SG&A expenses, strengthening its competitive position in the market.

Aurora Cannabis to Announce Q3 Earnings on February 4

15 hours agoseekingalpha

Earnings Announcement Schedule: Aurora Cannabis is set to release its Q3 earnings report on February 4 before market open, with consensus EPS estimate at -C$0.09 and revenue estimate at C$92.39 million, prompting investors to closely monitor performance against historical earnings data.
International Sales Growth: The company reported strong international sales for Q2 2026, indicating positive results from its global expansion strategy, which may lay the groundwork for future revenue increases.
High-Margin Medical Cannabis Sales: The upgrade on high-margin medical cannabis sales growth reflects enhanced competitiveness in the market, which is expected to further drive overall financial performance and attract more investor interest.
Analyst Rating Dynamics: Seeking Alpha's quant rating on Aurora Cannabis indicates a buy signal, suggesting market confidence in its future growth potential, which could influence investor decisions and stock price movements.

Aurora Cannabis Launches New $100M At-the-Market Offering

1 hour agoseekingalpha

Offering Program Initiated: Aurora Cannabis has filed a prospectus supplement to establish a new at-the-market offering program to issue up to $100 million in common shares, aimed at enhancing the company's liquidity for future strategic investments.
Clear Use of Proceeds: The net proceeds from this offering will be allocated for increased cultivation capacity and M&A activities, indicating the company's proactive strategic positioning to expand market share and enhance competitiveness.
Positive Market Reaction: The launch of this financing program is expected to boost investor confidence, potentially driving the company's stock price upward and laying a foundation for future growth.
International Sales Growth: Aurora Cannabis reported strong international sales in Q2 2026, demonstrating its expansion potential in global markets, further justifying the need for this financing initiative.

Aurora Cannabis Reports Strong International Sales for Q2 2026

1 hour agoseekingalpha

International Sales Growth: Aurora Cannabis reported significant growth in international sales for Q2 2026, reflecting the positive impact of its global expansion strategy, which enhances its competitive position in the international cannabis market.
High-Margin Medical Cannabis: The growth in high-margin medical cannabis sales indicates sustained demand for its products in the premium market, which is expected to further drive overall revenue growth and improve profitability.
Strong Financial Performance: The financial report from Aurora Cannabis shows that sales exceeded market expectations in the second quarter, indicating ongoing improvements in cost control and operational efficiency, which boosts investor confidence.
Optimistic Market Outlook: With the expansion into international markets and growth in high-margin product lines, the future development prospects for Aurora Cannabis are widely regarded as positive, likely attracting more investor interest in its long-term growth potential.