The key difference between trading a long position with a CFD and buying a security is the leverage that is employed. This is considered a short-term investment or trade, as CFDs tend to be used within shorter timeframes. You can either hold a long position (speculating that the price will rise) or a short position (speculating that the price will fall). A CFD is a financial contract, typically between a broker and an investor, where one party agrees to pay the other the difference in the value of a security, between the opening and closing of the trade. This can be considered a long-term investment, as the individual is usually waiting for the price to rise over time.Īlternatively, they can trade a contract for difference (CFD) on a particular marijuana stock, and speculate on the ACB share price difference, without actually owning the asset. For instance, you can invest in ACB shares on the TSX and NYSE, so you actually own a share in the company. Firstly, they can buy shares in companies on the exchanges where they are listed. If you choose to trade CFDs, you can follow the Aurora Cannabis share price live in US dollars with the comprehensive Aurora stock chart on :Īn individual has two options when trading in the stock market. Pre-Market trading hours from 4:00 to 9:30.Aurora Cannabis shares are also traded on the NYSE according to the following trading hours: Aurora also sells vaporizers, consumable vaporizer accessories, and herb mills for using herbal cannabis products.ĪCB shares are traded on the Toronto stock exchange (TSX) according to the regular trading session schedule from 9:30 to 16:00(GMT-05:00). The product range of Aurora Cannabis includes cannabis oil and dried cannabis, hemp products and CanniMed vegan capsules. Today, as the number of countries legalising the use of medical cannabis is rapidly growing, the company has embarked on an aggressive international expansion strategy, resulting in sales and operations in Denmark, Italy, Germany and Australia. With a growing network of subsidiaries and strategic partnerships, Aurora Cannabis operates in 19 countries across five continents.
With a current estimated capacity of more than 500,000 kg per year, Aurora is considered one of the world’s leading and fastest-growing marijuana companies.Īurora Cannabis works across various segments of the cannabis value chain, including genetics research, cannabis breeding, home cultivation, retail and wholesale distribution of medical marijuana. Why trade Aurora Cannabis CFDs with įounded in 2006, Aurora Cannabis is a licensed cannabis producer from Canada.In February 2020, cofounder and chief executive, Terry Booth, resigned, being replaced by Executive Chairman Michael Singer as interim CEO. The company began trading on the NYSE on October 23, 2018, using the ticker ACB.Īfter significant expansion in 2018, the company reduced expenses in the second half of 2019 when the Canadian recreational cannabis market had low sales due to excessive inventory and uncompetitive pricing with the black market. Aurora is the second largest cannabis company in the world by market capitalization, after Canopy Growth Corporation. It had a funded capacity of over 625,000 kilograms of cannabis production per annum with the bulk of capacity based in Canada and a growing presence in international markets, particularly Denmark and Latin America. As of late September 2018, Aurora Cannabis had eight licensed production facilities, five sales licences, and operations in 25 countries. It trades on the Toronto Stock Exchange and Nasdaq as ACB. is a Canadian licensed cannabis producer, headquartered in Edmonton.
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