![]() Management at Aurora has said it will put the Thrive team in charge of its Canadian recreational cannabis portfolio to help push its premium consumer offerings. Thrive is best known for its flagship recreational brand, Greybeard Cannabis. Price pressures on its consumer cannabis segment have dragged on revenue in the past year, but the company is focusing on its premium brands with wider margins, which is beginning to pay off.Īurora recently completed the acquisition of Thrive Cannabis, which is a licensed producer of super-premium cannabis concentrates and craft dried flowers. How Does Aurora Cannabis Make Money?Īurora Cannabis makes money from selling its range of products, including dried flowers, pre-rolls, vapes, and concentrates. Occo represents a capital-light, long-term revenue growth opportunity that we believe makes Aurora unique and can drive success by enabling our licensing partners to deliver a continuous stream of new cannabis to the market. Miguel Martin, CEO & Director, Aurora Cannabis, Inc., says: The aim is to use genetics, science, and breeding to create the best cannabis in the world. It has one of the largest catalogs of high-quality genetics, IP and biosynthesis available for licensing. ![]() Occo is Aurora Cannabis's science and innovation business. The company was founded by Terry Booth and Steve Dobler on December 21, 2006, and is headquartered in Edmonton, Canada. ACB is either the market leader or in the top three in all those countries. Aurora Cannabis stock currently sells medical cannabis products in seven EU countries Germany, Malta, Poland, Czech Republic, UK, Denmark, and France. The company operates a global medical marijuana business and is extending its international footprint. What is Aurora Cannabis?Īurora Cannabis Inc (NASDAQ: ACB) is a producer and distributor of cannabis products. Nevertheless, Aurora Cannabis still stands and has the ambition to return to its former glory. It's fair to say the company is a shell of what it once was. Since then, it's fallen to $1.37 at the time of writing. When Miguel Martin stepped in as CEO in September 2020, the ACB share price stood around $7. It also has a growing presence in Europe and the US.īetween March 2019 and May 2020, the Aurora Cannabis stock price collapsed by over 93%. Nevertheless, Aurora Cannabis remains a significant player in the Canadian marijuana market. Today ACB languishes below $2, and investors are worn out from a slew of false hopes and disappointments. It's hard to believe Aurora Cannabis (NASDAQ: ACB) stock was once trading above $150 a share.
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