Recently, shares of Aurora Cannabis (ACB) have had a bumpy ride but this week we saw some good news released for the company…
First, on Wednesday, November 27th Aurora Cannabis announced that they opened the largest cannabis retail store in Canada, at North America’s largest retail space, the West Edmonton Mall. This news comes at the perfect time as investors have their sights laser-focused on the Canadian retail environment because it has been a huge challenge for Aurora Cannabis and its peers to open new stores. That’s because…
they have faced tough government regulation from Canada, which has caused a slow the rollout of new retail locations. So, this news could be exactly what Aurora Cannabis investors are looking for and are hopefully the first of many new openings when it comes to the brick and mortar retail market.
Now the Ontario market in Canada’s most populous province is still a concern but the sector did receive some support from the Ontario premier Doug Ford as he pledged to expand the retail environment further in 2020 to combat the thriving black market that is sucking potential revenue out of the legal consumer market.
Seond, currently, sentiment in the cannabis sector is at an all-time low, but it doesn’t take a lot to tip the scales in the opposite direction. Investors have been looking for substantial lasting positive catalysts to bring valuations off the ground and something very important occurred this week…
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