CANNABIS CORNER: AURORA MAKES ITS MOVE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street.

Aurora Cannabis Corp. (NYSE:ACB) is poised to benefit from the looming cannabis industry consolidation and we now have data to show that the prediction I previously made is coming true.

ACB just issued $40 million in stock to buy its way into the U.S. cannabidiol (CBD) market. The acquisition in question, a company called Reliva, is small but growing fast.

While $10 million a year in revenue is only a drop in the ocean for established corporate giants, it makes a big difference for ACB, which still earns cheers for bringing in $75 million a quarter.

Bolting on an extra 6% growth on the top line for the coming year is a good thing. Furthermore, Reliva is already profitable at this scale, so any expansion translates right to the bottom line.

That’s practically a miracle in an industry that’s still struggling to grow its way to profitability. The cannabis clouds are clearing as small players get taken out. Better days are on the horizon.

SAVE THE DATE: Join me and some of the smartest traders and investors in the world in this free online event, The Mad Hedge Traders and Investors Summit, on June 4. Click here now to register and learn all the details.

Exclusive  Cannabis Corner: Short Sellers Stay Stubborn

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