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Thursday, 11/15/2018 5:34:42 PM

Thursday, November 15, 2018 5:34:42 PM

Post# of 70340
Aurora Cannabis is concentrating on other markets, including Germany and South America. It recently acquired ICC Labs in order to leapfrog the competition to become a major South American supplier to Uruguay, and as of last quarter, it's the biggest distributor of medical marijuana in Europe.

Tapping into global markets won't be cheap, but Aurora Cannabis is stockpiling resources. Its cash stockpile is CA$147.8 million, its marketable securities portfolio is worth over CA$400 million, and it has access to up to a CA$250 million line of credit.

It's anyone's guess who will come out on top in this emerging market, but with plans in place for 500,000 kilograms of annual production, it's hard to argue against Aurora Cannabis' being a major player. Management says its share of the adult-use market in Canada's largest province -- Ontario -- was 30% through October 31, and if that's any indication, then the future for this company is bright enough to warrant including some in long-haul growth portfolios.
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