In a recently released analyst research report following Aurora’s recent earnings announcement, Canaccord Genuity‘s Equity Research Analyst, Matt Bottomley, reiterated his “Speculative Buy” rating on shares of Aurora Cannabis Inc. (TSX:ACB) (NYSE:ACB) with an unchanged price target.
Matt Bottomley’s price target of $13 CAD per share implies a potential upside of approximately 35.27% based on the last traded price of $9.61 CAD on the TSX.
According to Bottomley, “Sales of recreational cannabis totaled CA$21.6 million, which gives the company the second-highest market share in the Canadian recreational space.”
Subsequent to Bottomley’s analyst update, Aurora announced the construction of a 300,000 square foot Aurora Polaris facility and provided an update regarding its strategic investment in High Tide Inc.
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