Possible successful year for Aurora Cannabis
Aurora Cannabis Inc. is a Canadian licensed cannabis producer, headquartered in Edmonton. It is listed on the Toronto Stock Exchange as ACB. At the end of September 2018, Aurora Cannabis had eight authorized production facilities, five sales licenses, and operations in 18 countries. It had a funded capacity of more than 500,000 kilograms of cannabis production per year. The company began trading on the New York Stock Exchange on October 23, 2018.
It has been said that Aurora Cannabis will dominate the cannabis sector in the growth of production and sales in 2019.
It had the broadest market correction and its timing in relation to Aurora’s listing on the New York Stock Exchange. What possibly snatched the strength of its strong momentum causing the price of its shares to decline quickly.
A successful 2019
Possibly 2019 for Aurora will be a tremendous year. Because it confirms that its production capacity and associated revenues are the real business.
One fact to note is that Aurora is seen as a long-term tenure now. Since those who are willing to go through the inevitable volatility that comes with an emerging industry will be rewarded strongly in the coming years.
Aurora, through its latest results report, stated that it would increase production in November to 70,000 kilograms per year, and by the end of 2018 that would increase to 100,000 kilograms per year. By the end of June 2019, the orientation is that it will add more than 50 percent to the total of 2018, which will take it to more than 150,000 kilograms in annual production at that time.
Now, when dealing with the issue of sales, Wall Street projects will grow by just under 600% in 2019 for Aurora; This is, by far, the largest sales growth rate among its main competitors.
Source: Gary Bourgeault | Seeking Alpha