Aurora Cannabis Acquires Safari Flower Co. to Expand International Presence Amid Domestic Market Struggles
Aurora Cannabis (ACB) has acquired Safari Flower Co. for $26.5 million in a stock-and-cash deal to expand its international presence in markets like Germany, Australia, and the UK. The move comes as Canada's domestic cannabis market faces challenges from strict regulations and a growing black market. Aurora's stock has a Strong Buy rating with an average price target implying 80% upside.
Tickers: $ACB
Topics: acquisition Aurora Cannabis cannabis market international expansion Safari Flower Co.