Aurora Cannabis' Long-Term Growth Unaffected By U.S. Rescheduling Pause -- Market Talk

Dow Jones

01-14

0856 ET - Aurora Cannabis shares will likely move today on the US move to pause cannabis rescheduling, but TD Cowen's Derek Lessard says he thinks this won't be a big issue in the long-term. The analyst says in a report that Canadian cannabis stocks have historically reacted to US news and thinks today will be no different. However, he says that Aurora has no cannabis operations in the country, and what's more, he says that the opening of the US market is not necessary for the company's growth, as things stand currently. "Aurora currently has no cannabis operations in the US and [has] no plans to enter that market in the near-term," Lessard says, adding that Aurora has a dominant position in existing medical cannabis markets in Canada, Australia, and Germany. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

January 14, 2025 08:56 ET (13:56 GMT)

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