Aurora Cannabis continues to ramp its production capacity up from 70,000 kg / annum as reported in November 2018, to approximately 100,000 kg / annum in January 2019. The current trend in the cannabis market points to a structural underlying deficit in the market. It has a rising support line as well as a double top pattern. The long term chart of Aurora Cannabis has a very clear and certainly interesting chart structure. It will likely send the stock price many multiples higher. His work appeared on major financial outlets like FinancialSense, MarketWatch, ... Email: taki.tsaklanos@gmail.com. More interestingly, though, what we continuously see is Aurora Cannabis being top of the favorites in the cannabis stock sector. This led to a major boom in Canadian cannabis stocks prior to the event. As per our 100 investing tips for successful investing: For peace of mind investors should have a handful of price points that they track in the big picture market trend. We derive a major top of $75.
That’s because in the first place the revenue will be created by selling quality cannabis to international markets. Last update of our Aurora Cannabis stock forecast: March 16th, 2019.]. Our Aurora Cannabis stock forecast for 2019 or 2020 is $75 which would mark a major top. Find the latest Aurora Cannabis Inc. (ACB) stock quote, history, news and other vital information to help you with your stock trading and investing. Every financial site that covers cannabis stocks has Aurora Cannabis listed. This is what we see in the latest earnings release:eval(ez_write_tag([[300,250],'investinghaven_com-box-4','ezslot_6',131,'0','0'])); Based on preliminary (unaudited) results, the Company anticipates revenues for Q2 2019 of between $50 million and $55 million (net of excise taxes), compared to $11.7 million for the same quarter in the prior year, and compared to $29.7 million for the previous quarter ended September 30, 2018 . Our Aurora Cannabis stock forecast for 2019 or 2020 is $75 which would mark a major top. We should not rely on what others say, we always have to verify the facts ourselves.eval(ez_write_tag([[580,400],'investinghaven_com-medrectangle-3','ezslot_2',129,'0','0'])); Moreover, and more importantly, we will use the charts to tell us what a realistic price target is. The conclusion from this article: This bill offers a legal new path to growth for cannabis producers in the US. This last section was update on March 16th, 2019. Yet she thinks the alliance will bear even more fruit. It reaffirms its expectation to achieve at least 150,000 kg / annum of production capacity within the first 3 months of 2019.
The reason being that cannabis stocks are ultra volatile, they tend to rise strongly once every 12 to 18 months. Moreover, as per Wiki, Aurora Cannabis has a strong focus on expansion. It offsets the debt and creates a buffer to support the fast growth. These are not meant to exaggerate in any way even though the forecasted prices may look exaggerated at first glance. It might come in 2019 or 2020. After the triple top breakout we saw price rising 5x in a matter of 3 months. We are pleased to see relative strength in Aurora Cannabis compared to its peers. note: This article about our Aurora Cannabis stock forecast for 2019 was originally published on February 8th, 2019. Aurora Cannabis' stock was trading at C$1.17 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). This is likely going to result in the triple top test with a high probability of a triple top breakout as explained on the chart above.eval(ez_write_tag([[250,250],'investinghaven_com-large-leaderboard-2','ezslot_7',133,'0','0'])); Taki has +15 years of experience in global markets. Over the next 52 weeks, Aurora Cannabis Inc has on average historically risen by 101.4 % based on the past 6 years of stock performance. This quote illustrates what we are saying, and there must be a reason why Aurora Cannabis is so popular among analysts. Since then, ACB stock has increased by 684.6% and is now trading at C$9.18. The new updates will appear at the bottom of the current forecast. Twitter: twitter.com/investinghaven. Moreover, it has a clear trend to make it a triple top. We absolutely want to see continued confirmation of Aurora Cannabis executing on their plan, in their press releases and quarterly earnings reports. 1 pick in cannabis, but also her third favorite idea in all her coverage.
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