Aurora Cannabis Inc. Common Shares - ACB STOCK NEWS

Aurora Cannabis (ACB) announced a new manufacturing agreement with The Valens Company to produce seasonal cannabis products, starting with Canna Cane Mints, flavored peppermint candies infused with 10mg THC (5mg per piece). Set to launch under the Drift Turbo brand, these seasonal offerings aim to meet increasing consumer demand for variety. Additionally, a Cranberry Sauce vape cartridge will also be released in select Canadian markets. The partnership is expected to enhance product innovation while capitalizing on both companies' manufacturing strengths for the upcoming holiday season.

Aurora Cannabis Inc. (ACB) announced a conference call on November 9, 2021, at 5:00 p.m. ET to discuss its first-quarter fiscal results for 2022, which will be reported after market close the same day. This call will be hosted by CEO Miguel Martin and CFO Glen Ibbott. Investors can submit questions in advance. Aurora, a leader in the cannabis industry with a diverse product portfolio, continues to focus on growth and innovation in both medical and consumer markets. The company operates under the ticker symbol ACB on TSX and NASDAQ.

High Tide Inc. has transitioned all Canna Cabana retail cannabis stores to a discount club model, enhancing its presence in the value segment and claiming the title of North America's largest cannabis discount retailer. The Cabana Club loyalty program offers exclusive low prices and benefits to over 245,000 members. This strategy aims to capture market share from the illicit cannabis sector, which accounts for 40% of sales, and reflects a successful pilot program that showed significant sales increases. High Tide plans to expand this model across Canada and potentially globally, leveraging its in-house brands.

High Tide has finalized its acquisition of an 80% stake in Blessed CBD for £9,064,000, enhancing its global e-commerce footprint. This marks High Tide's fifth e-commerce acquisition in 2021, increasing its e-commerce revenue run-rate from approximately $10.6 million to nearly $60 million. Blessed CBD, a leading CBD brand in the U.K. with significant site traffic, reported £5.1 million in revenue and £2.8 million in EBITDA for the year ending August 2021. The deal also includes options for High Tide to acquire the remaining 20% of Blessed CBD in three years.

High Tide Inc. has announced a definitive agreement to acquire 80% of Enigmaa Ltd., operating as Blessed CBD, for £9.06 million. Blessed is a leading UK CBD brand, known for its direct-to-consumer model with £5.1 million in revenue and strong gross margins of 81%. This acquisition aims to enhance High Tide's UK e-commerce presence and capitalize on cross-selling opportunities. The deal is expected to close in October 2021, with an option for High Tide to acquire the remaining 20% in three years, positioning the company for further growth in the EU CBD market.

High Tide Inc. has opened two new retail cannabis stores in Windsor and Cornwall, Ontario, increasing its total to 101 locations in Canada and 30 in Ontario. September has seen the launch of eight new stores, underlining the company's growth despite pandemic-related challenges. The Windsor store is strategically located in a commercial district, while the Cornwall outlet sits in a prominent retail plaza. To celebrate its 100-store milestone, High Tide will support World Vision by sponsoring two additional children for each new store. The company aims to exceed 200 locations nationally by 2022.

Aurora Cannabis has launched Bidiol, the first domestically produced medical cannabis oil in Uruguay, available in 3% and 10% concentrations. This launch is a key component of Aurora's renewed strategy focusing on the Uruguayan market, aiming to establish the country as a center for medical cannabis production. The oil is authorized for treating refractory epilepsy in children and adolescents and is available in pharmacies. Aurora plans to expand its CBD oil portfolio in Uruguay shortly.

Aurora Cannabis (ACB) reported a 9% increase in total medical cannabis net revenue year-over-year, reaching $35 million. The company achieved an adjusted gross margin of 68% and narrowed its adjusted EBITDA loss by $17.6 million to $13.9 million. However, total cannabis net revenue decreased to $54.8 million, a 19% decline compared to the previous year. Aurora maintains a robust cash position of $440.9 million and announced cost savings of $60 to $80 million through its business transformation plan. The company aims for adjusted EBITDA profitability in the near future.

High Tide Inc. has been recognized as one of Canada’s top growing companies for 2021 by the Globe and Mail, ranking 82nd out of 448 firms with a remarkable three-year revenue growth of 733%. This recognition highlights High Tide's operational success since its first cannabis retail store opened in October 2018, growing from 160 employees to nearly 100 stores and over 900 employees. The Company plans to enhance revenue through further retail and e-commerce expansion in Canada, the United States, and Europe.