Canada’s Aurora Cannabis (ACB) Looks Overseas As Domestic Market Goes Up in Smoke

1 month ago 15

TipRanks

Thu, April 16, 2026 astatine 9:26 AM CDT 1 min read

Canada’s Aurora Cannabis (ACB) has bought privately held Safari Flower Co. successful a stock-and-cash woody valued astatine $26.5 cardinal arsenic it looks for opportunities overseas.

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The woody includes a $2-million currency outgo that is contingent connected restitution of definite conditions. In a quality release, Aurora Cannabis said that Safari Flower has a certified indoor cultivation and manufacturing installation that volition payment it moving forward.

More broadly, Aurora Cannabis said that the woody volition summation its vulnerability to cardinal planetary markets, including Germany, Australia, Poland, and the United Kingdom, and enactment further marketplace enlargement beyond Canada.

Aurora CEO Miguel Martin said successful the quality merchandise that the acquisition of Safari Flower marks an important milestone arsenic the institution looks to turn its planetary aesculapian cannabis business. The acquisition besides comes arsenic Canada’s home cannabis marketplace flounders.

Martin added that Aurora Cannabis is looking to heighten its proviso concatenation and seizure greater planetary marketplace stock arsenic the home marketplace successful Canada stagnates nether stringent authorities regulations and a thriving achromatic marketplace for the recreational drug.

Aurora Cannabis’ banal has a statement Strong Buy standing among 3 analysts. That standing is based connected 3 Buy ratings issued successful the past 12 weeks. The mean ACB terms people of $6.66 implies 80% upside from existent levels.