Aurora Cannabis Buys EU GMP Producer Safari Flower Company in $26.5 Million Deal
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The latest update is out from Aurora Cannabis ( (TSE:ACB) ).
On April 14, 2026, a wholly owned subsidiary of Aurora Cannabis indirectly acquired 100% of the shares of 9869247 Canada Limited, known as Safari Flower Company, an established EU GMP certified cannabis cultivator and manufacturer. The transaction, valued at approximately $26.5 million and disclosed in a material change report dated April 16, 2026, was funded through the issuance of 2,417,180 Aurora common shares and a $15 million cash payment at closing, with an additional $2 million in contingent cash consideration, signaling a strategic move to bolster Aurora’s certified production capacity and positioning in regulated international cannabis markets.
The most recent analyst rating on (TSE:ACB) stock is a Buy with a C$8.50 price target. To see the full list of analyst forecasts on Aurora Cannabis stock, see the TSE:ACB Stock Forecast page.
Spark’s Take on ACB Stock
According to Spark, TipRanks’ AI Analyst, ACB is a Neutral.
The score is held back primarily by weak cash-flow quality and poor technical momentum (price below key moving averages with bearish MACD). Offsetting factors include an improving operational trajectory with strong gross margins, a relatively manageable balance sheet, and a constructive earnings outlook centered on growing higher-margin global medical cannabis.
To see Spark’s full report on ACB stock, click here.
More about Aurora Cannabis
Aurora Cannabis Inc. is a Canadian cannabis producer based in Edmonton, Alberta, operating through wholly owned subsidiaries. The company focuses on cultivating and manufacturing cannabis products, including EU Good Manufacturing Practice (GMP) certified output, to serve regulated medical and other legal cannabis markets globally.
Average Trading Volume: 339,578
Technical Sentiment Signal: Sell
Current Market Cap: C$289.2M
Find detailed analytics on ACB stock on TipRanks’ Stock Analysis page.
