In a recently released analyst research report, Cowen & Co. Managing Director and Senior Research Analyst covering beverages, tobacco, and cannabis, Vivien Azer, reiterated her bullish stance on shares of Aurora Cannabis Inc. (TSX:ACB) (NYSE:ACB) citing international expansion efforts, and more.
This comes just over a week after Azer issued a note to investors tempering expectations for the Canadian cannabis market as a whole.
According to Barron’s, “she’s happy to see Aurora expanding internationally in places such as Germany, and moving ahead with new delivery forms like vaping. She said she was also happy to hear management say it won’t be rushed into U.S. markets for niche products like THC, which have the potential to cut into margins.”
In her note to investors, Azer wrote:
“As Aurora continues to ramp up supply, the company is establishing an even stronger leadership position in both capacity and profitability,” reiterating their intention to be positive in terms of earnings before interest, taxes, depreciation, and amortization in the fourth quarter of this fiscal year.”
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