Aurora Cannabis Growth: Aurora Cannabis Inc (OTCQX:ACBFF) has been investing substantially in growth opportunities – the company is anticipating an increased demand in the next few years. The market trends are supporting Aurora’s enthusiasm in future fundamentals; the market reports suggest a high double-digit growth in Cannabis sales in the next three years.
Aurora Cannabis announced its acquisition of CanniMed Therapeutics (OTC:CMMDF +17.6%) for C$1.1B – the acquisition will allow Aurora to expand its market share in the global cannabis industry.
“We are very pleased to have come to terms with CanniMed on this powerful strategic combination that will establish a best-in-class cannabis company with operations across Canada and around the world,” said Terry Booth, the chief executive officer of Aurora.
Aurora Cannabis share price rallied more than 350% in the last twelve months alone – with the 52-week trading range of $1.92 – $12.30. Aurora Cannabis shares are currently trading around $8.85, down from the 52-week high of $12.30 due to the threats to NAFTA agreement and potential tariffs from Donald Trump’s on Canadian imports.
The research report from ArcView and BDS Analytics predict legal marijuana average sales growth of 28% in the next three year. Several U.S. states have already legalized cannabis industry, while Australia had recently legalized cannabis exports – it is the fourth country that legalized medicinal marijuana exports with the aim to capitalize on the projected $55B global market.
Before Australia, Uruguay, Canada, and the Netherlands had legalized medicinal cannabis exports, while several other countries are planning to take major steps for expanding their footprints in the marijuana industry.
North American Marijuana Index has posted remarkable gains since the start of second half of last year, thanks to traders increasing optimism and legalization of Cannabis from major countries. Cannabis Index has hit the highest level of 350 points at the beginning of the year from only 69 points at the start of the second half of last year.
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