Connect with us

Stocks

Aurora Cannabis Reschedules Fourth Quarter and Full Fiscal Year 2021 Investor Conference Call and Related Year End Informational Filings to Monday, September 27, 2021

NASDAQ | TSX: ACB
Aurora Cannabis Inc. (the “Company” or “Aurora”) (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, announced today that it has rescheduled its conference call to discuss the results…

Published

on



NASDAQ | TSX: ACB

Aurora Cannabis Inc. (the “Company” or “Aurora”) (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, announced today that it has rescheduled its conference call to discuss the results for its fourth quarter and full fiscal year 2021 to Monday, September 27, 2021 at 5:00 p.m. Eastern Time | 3:00 p.m. Mountain Time . The Company will report its financial results for the fourth quarter and full fiscal year 2021, and file its related annual disclosure documents, after the close of markets that same day.

New Conference Call Details

DATE:

Monday, September 27, 2021

TIME:

5:00 p.m. Eastern Time | 3:00 p.m. Mountain Time

WEBCAST:

http://public.viavid.com/index.php?id=146159

Miguel Martin , Chief Executive Officer, and Glen Ibbott , Chief Financial Officer, will host the conference call and question and answer period. Investors may submit questions in advance or during the conference call through the weblink listed above. This weblink has also been posted to the Company’s Investor Relations webpage at https://investor.auroramj.com/ under “News & Events”.

About Aurora

Aurora is a global leader in the cannabis industry serving both the medical and consumer markets. Headquartered in Edmonton, Alberta , Aurora is a pioneer in global cannabis dedicated to helping people improve their lives. The Company’s brand portfolio includes Aurora, Aurora Drift, San Rafael ’71, Daily Special, AltaVie, MedReleaf, CanniMed, Whistler, and Reliva CBD. Driven by science and innovation, and with a focus on high-quality cannabis products, Aurora’s brands continue to break through as industry leaders in the medical, performance, wellness and recreational markets wherever they are launched. For more information, please visit our website at www.auroramj.com .

Aurora’s common shares trade on the NASDAQ and TSX under the symbol “ACB” and is a constituent of the S&P/TSX Composite Index.

Forward Looking Statements

This news release includes statements containing certain “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”). Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements made in this news release include statements regarding: the timing for reporting of our financial results for the fourth quarter and full fiscal year 2021 and associated conference call. These forward-looking statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward looking statements are based on the opinions, estimates and assumptions of management in light of management’s experience and perception of historical trends, current conditions and expected developments at the date the statements are made, such as current and future market conditions, the ability to maintain SG&A costs in line with current expectations, the ability to achieve high margin revenues in the Canadian consumer market, the current and future regulatory environment and future approvals and permits. Forward-looking statements are subject to a variety of risks, uncertainties and other factors that management believes to be relevant and reasonable in the circumstances could cause actual events, results, level of activity, performance, prospects, opportunities or achievements to differ materially from those projected in the forward-looking statements, including the risks associated with: entering the U.S. market, the ability to realize the anticipated benefits associated with the acquisition of Reliva, achievement of Aurora’s business transformation plan, general business and economic conditions, changes in laws and regulations, product demand, changes in prices of required commodities, competition, the effects of and responses to the COVID-19 pandemic and other risks, uncertainties and factors set out under the heading “Risk Factors” in the Company’s annual information form dated September 24, 2020 (the “AIF”) and filed with Canadian securities regulators available on the Company’s issuer profile on SEDAR at www.sedar.com and filed with and available on the SEC’s website at www.edgar.gov . The Company cautions that the list of risks, uncertainties and other factors described in the AIF is not exhaustive and other factors could also adversely affect its results. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such information. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.

View original content to download multimedia: https://www.prnewswire.com/news-releases/aurora-cannabis-reschedules-fourth-quarter-and-full-fiscal-year-2021-investor-conference-call-and-related-year-end-informational-filings-to-monday-september-27-2021-301380831.html

SOURCE Aurora Cannabis Inc.

News Provided by PR Newswire via QuoteMedia

 

Cannabis Market Could Reach $5.5B By End Of Year

 
Experts Weigh In On Our Exclusive FREE Report. Can You Afford To Miss Out?
 

Read More

Continue Reading

Stocks

Udemy IPO: EdTech Unicorn Filing Information for Investors

Paperwork for the Udemy IPO is now public. The online learning platform is going public on the Nasdaq under the ticker UDMY. Here’s the latest news…
The post Udemy IPO: EdTech Unicorn Filing Information for Investors appeared first on Investment U.

Published

on

Paperwork for the Udemy IPO is now public for investors. The online learning platform is going public on the Nasdaq under the ticket UDMY. Let’s look at the details…

Udemy IPO: About the Business

Eren Bali, Oktay Caglar and Gagan Biyani founded Udemy in 2010. The three partnered together to achieve a common goal: make quality education accessible to all. The solution was to develop an online learning platform targeted at students and professionals.

Udemy is a massive open online course provider today. The platform has a two-sided marketplace where instructors develop content to meet learner demand. The learning experience combines videos, notes and assessment tests into a series of modules.

The San Francisco-based company has a client base of over 44 million learners in more than 180 countries. Udemy offers over 183,000 courses in 75 languages. Over 73 million users have registered on Udemy since its launch.

Courses are available directly to consumers. The company also offers UDemy Business as its B2B (business to business) learning solution. Organizations can use it to train and develop their employees. 42% of Fortune 100 companies use Udemy Business, according to the filing.

In response to the pandemic, industries have needed to acquire new skills. And ongoing changes in the workplace could make the Udemy IPO an interesting prospect.

Pandemic Accelerates Industries’ Need for New Skills

Changing technologies and new working methods have impacted jobs across the board and made it difficult for workers to keep up. Adapting to rapidly changing conditions is an ongoing challenge for workers across all industries. The roles and activities of workers will have to adapt to new conditions.

The revolution goes far beyond remote working, AI and the use of automated systems. Many people have found a new normal in the workplace. And leaders will need to reskill their workers to deliver new business models in a post-pandemic era.

In a 2021 Workplace Learning Trends Report, Udemy revealed that industries have increased demand for data analysis and data science training.

Data shows companies increased their data modeling training by 466% between 2019 and 2020. In addition, there was an increase of 1,488% in data warehouse training.

This represents a major focus on skills development and continued learning in business. However, the pandemic has affected Udemy in far more ways than just its business platform.

COVID-19 is Reshaping Education Long-Term

A 2020 Udemy report revealed that online education demand increased across all segments as a result of COVID-19. Here are some of the key findings…

  • 425% increase in enrollments for consumers
  • 55% increase in course creation by instructors
  • 80% increase in usage from businesses

Udemy’s prospectus states…

Before the COVID-19 pandemic, the majority of corporate training occurred offline, and we believe that online education is well placed to address the scalability and affordability limitations of offline education. With the increase of internet connectivity, technological advances and interactive tools at a low cost, we expect a massive shift from offline to online.

A 2020 report showed that course enrollments across the Udemy platform grew more than 425% after the first shelter-in-place order took effect. Online learning trends emerged due to the pandemic.

Some of these changes may give a preview of more permanent changes in the way we learn and work in the post-pandemic era. And these trends reflect in Udemy’s revenue and cash flow. Let’s review the company’s finances…

Udemy IPO Financial Data

Udemy highlights some key financial information for investors. The company’s profit and loss statement and balance sheet data are summarized as follows…

Revenue: The filing revealed an upswing in revenue. Udemy recorded $276.3 million in revenue for the 2019 fiscal year. In 2020, Udemy’s revenue rose 56% to $429.9 million for the year. Revenue is on track to keep increasing this year. For the six months ended June 2021, the company reported $250.6 million in revenue.

Net Income (Loss): Udemy has reported consistent net losses. For the 2019 fiscal year, the company recorded $69.7 million in net losses. Udemy’s net losses rose to $77.6 million in 2020. For the six months ended July 2021, the company reported $29.4 million net losses. Udemy’s net losses for the half-year ended June 2020 were already $42.5 million, so 2021 should hopefully see declining losses.

Cash: Udemy recorded a massive increase in cash flow in 2020. The company recorded $49.1 million in cash as of December 2019. By the end of 2020, cash skyrocketed to over $175 million. However, the company’s cash decreased to $163.2 million as of June 2021.

Total Assets and Total Liabilities: Udemy’s total assets and total liabilities have grown. The company recorded $117.3 million in total assets and $187.2 million in total liabilities as of December 2019. As of June 30, Udemy’s total assets rose to $286.7 million and total liabilities rose to $279.2 million.

In 2020, a $50 million Series F funding round valued the unicorn at over $3.2 billion, according to data from Crunchbase. So how much money can the Udemy IPO raise?

Filing Details for UDMY Stock

Udemy filed confidentially on May 26. The paperwork became public for investors on October 5. However, the company hasn’t set terms for the offering yet. Check out this step-by-step guide to going public to learn more about the initial public offering process.

The company hasn’t announced the number of shares it plans to offer or an expected pricing range for the IPO. Udemy will trade on the Nasdaq exchange under the ticker symbol UDMY.

While the exact terms of the offering are unknown, the company has set a placeholder deal size of $100 million. As a matter of fact, the company is rumored to be targeting an initial valuation of between $6 billion and $8 billion.

Morgan Stanley and JP Morgan will be the lead underwriters for the offering.

Online education companies have raised a lot of money from external investors to capitalize on new growth. The Udemy IPO follows Duolingo and Coursera’s successful launches this year.

As always, make sure to research before you invest. IPOs can be volatile for the first few months and share prices are constantly changing. Moreover, if IPO investing interests you, check out our top recent IPOs and our IPO calendar. We update the calendar daily to give you the latest news on upcoming and filed IPOs.

If you’re looking for the latest investment opportunities, consider signing up for Liberty Through Wealth. This free e-letter is full of market insights from leading experts. You’ll hear from bestselling author and investment expert Alexander Green. It’s one of the easiest ways to stay on top of market news out there. All you need to do is enter your email address in the box below to get started.

The post Udemy IPO: EdTech Unicorn Filing Information for Investors appeared first on Investment U.

Read More

Continue Reading

Stocks

Mark Mahaney reveals his top picks ahead of earnings

The U.S. stock market is likely to be eventful in the upcoming weeks as companies continue to report their quarterly results. Ahead of earnings, Mark Mahaney said Netflix Inc (NASDAQ: NFLX) and Uber Technologies Inc (NYSE: UBER) are set to “outperform”…

Published

on

The U.S. stock market is likely to be eventful in the upcoming weeks as companies continue to report their quarterly results. Ahead of earnings, Mark Mahaney said Netflix Inc (NASDAQ: NFLX) and Uber Technologies Inc (NYSE: UBER) are set to “outperform” in the fourth quarter.

Mahaney confirms his outperform rating on NFLX

On Friday, Mahaney rated Netflix at “outperform” with a price target of $695 that represents a 10% upside from here.

The Evercore ISI analyst expects a strong content slate to drive much of the growth for the media giant in the fourth quarter. He is convinced that content strength will sustain in 2022 as well.

In August, Netflix resorted to another price hike in Europe that Mahaney says would help boost the average revenue per user. The California-based company recently partnered with Walmart Inc to launch Netflix Hub – a new retail destination focused on Netflix merchandise.

Netflix is set to report its quarterly results on October 19th.

Mahaney sees a 45% upside in Uber Technologies

Also on Friday, Mahaney reiterated Uber at “outperform” with a price target of $70 a share that translates to a roughly 45% upside from here.

His bullish call is partially based on Uber Eats – the fastest-growing U.S. food delivery business. Demand for ride-sharing is also likely to gain traction in the upcoming months as COVID-19 restrictions continue to ease.

At current levels, Uber is a “very attractive” buy, Mahaney added in his research note. The California-based company will report its quarterly results on November 4th. Last month, CEO Dara Khosrowshahi said Uber will hit its profitability milestone ahead of schedule.

The post Mark Mahaney reveals his top picks ahead of earnings appeared first on Invezz.

Read More

Continue Reading

Economics

Best Entertainment Stocks To Invest In Today? 3 Making Headlines

Could entertainment stocks be a good play amidst rising retail sales figures now?
The post Best Entertainment Stocks To Invest In Today? 3 Making Headlines appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.co…

Published

on

3 Top Entertainment Stocks To Consider Buying [Or Selling] Right Now

The broader stock market today continues to gain as consumer spending power holds strong. Given September’s latest retail sales figures, investors may want to consider looking at the top entertainment stocks now. In brief, retail sales for September surged by 0.7%, according to the Census Bureau earlier today. For reference, Dow Jones economists were expecting a decline of 0.2%. Now, entertainment stocks cater to consumers in good times and bad. Given the current strength in consumer markets and the fast-approaching year-end holidays, we could be looking at exciting times for the industry.

All in all, some would argue that the current momentum in retail spending is rather surprising. This would be the case given fears of the reopening trade losing steam amidst rising consumer prices and the government pulling back its pandemic-era benefits. Moreover, investment banking giant Goldman Sachs (NYSE: GS) crushed analysts’ estimates in its third-quarter earnings call earlier today. The bank posted an earnings per share of $14.93 on revenue of $13.61 billion. Evidently, this is well above projections of $10.18 and $11.68 billion respectively.

Not to mention, notable names in the current entertainment trade continue to break new ground. For example, we could look at the likes of Fubo (NYSE: FUBO) and Roku (NASDAQ: ROKU) this week. Firstly, Fubo is now an authorized gaming operator for NASCAR. Thanks to this partnership, Fubo can now provide racing fans with premium wagering experiences on all their favorite NASCAR races. At the same time, Needham analyst Laura Martin recently hit ROKU stock with a Buy rating. Safe to say, there is no shortage of excitement amongst entertainment stocks in the stock market now. Could one of these names be worth watching now?

Top Entertainment Stocks To Watch This Month

Canopy Growth Corporation

To begin, we have Canopy Growth Corporation, a world-leading diversified cannabis, and cannabinoid-based consumer company. With its ground-breaking innovation and strategic investments, the company offers a wide product variety in high-quality dried flowers, oil, infused beverages, and edibles. The company also has a global medical brand called Spectrum Therapeutics which is a leader in both Canadian and German markets.

On Thursday, the company announced that it will be acquiring Wana Brands, the No. 1 edible cannabis brand in North America. Wana manufactures and sells gummies in the U.S. state of Colorado and licenses its intellectual property to its partners, who manufacture and distribute Wana-branded gummies across the U.S. and Canada. Canopy cited that the strategic benefits of this acquisition would be to strengthen its U.S. ecosystem and also give it market leadership in the edibles product category throughout North America.

Furthermore, Wana also has a profitable and highly scalable business model, with a good track record of generating strong revenue growth and category-leading gross and EBITDA margins. Wana’s proven licensing model also provides the opportunity to scale the brand ahead of U.S. permissibility. Given this strategic play by the company, should you be paying close attention to CGC stock right now?

entertainment stocks (CGC stock)
Source: TD Ameritrade TOS

Read More

Walt Disney Company

Disney is a multinational entertainment company with headquarters in Burbank, California. The company is a leader in the animation industry before diversifying into live-action film production, television, and theme parks. DIS stock currently has enjoyed gains of over 35% in the past year alone. Recently, the company unveiled a new plethora of content for its Disney+ streaming service.

This would include 20 new APAC content titles including 18 originals in collaboration with award-winning and aspiring content creators from the region. Furthermore, this would include star-studded scripted live-action tent-pole series in drama, comedy, fantasy to variety shows, documentaries, and anime. Ultimately, this would be part of the company’s aspirations to greenlight over 50 APAC originals by 2023.

The company says that it is making another commitment by combining its global resources with the best content creators from the Asia Pacific to develop and produce original stories for Disney+. With over-the-top services going mainstream, the emergence of world-class content from the Asia Pacific, and rising consumer sophistication, Disney believes that this is the right time for it to deepen its collaboration with the region’s content creators to deliver unparalleled storytelling to global audiences. With this being said, will you consider adding DIS stock to your portfolio?

DIS stock chart
Source: TD Ameritrade TOS

[Read More] 4 Robotics Stocks To Watch Amid Rising Shifts To Automation

Roblox Corporation

Another top name to know among entertainment stocks now would be the Roblox Corporation. In essence, the California-based company is a video game developer. Through its proprietary sandbox open-world game of the same name, it continues to make waves across the globe. Through its “human co-experience platform”, millions of players worldwide interact with each other in a vast variety of ways. This ranges from user-built interactive games to pop culture-related content and even live streamable music events in-game.

To date, the company currently boasts an average daily active user count of over 43 million. In its latest fiscal quarter report back in August, the company saw its total revenue skyrocket by 127% year-over-year. Additionally, Roblox also ended the quarter with $1.78 billion in cash on hand, a 186% year-over-year surge. As such, I could see investors eyeing RBLX stock ahead of the company’s upcoming quarterly earnings call on November 8.

Furthermore, Roblox does not seem to be slowing down anytime soon. Just yesterday, the company announced plans to further refine the player experience while monetizing its content. Namely, this will come in the form of more realistic player avatars and new in-game monetization streams. Among the notable additions would be the introduction of limited edition items. The likes of which players can exchange for Robux, a premium in-game currency, which can then be exchanged for actual cash, suggesting an NFT-like system. All things considered, would RBLX stock be a buy for you now?

RBLX stock chart
Source: TD Ameritrade TOS

The post Best Entertainment Stocks To Invest In Today? 3 Making Headlines appeared first on Stock Market News, Quotes, Charts and Financial Information | StockMarket.com.

Read More

Continue Reading

Trending