June 24, 2019 / 11:47 AM / a year ago

BUZZ-Aurora Cannabis' target to be profitable this quarter makes it stand out - Cowen

** Cowen says Canadian pot producer Aurora is its top pick in cannabis

** While a number of peers have talked about a longer path before becoming profitable, ACB targets becoming EBITDA positive in ongoing quarter - Cowen

** “At a time when EBITDA losses across the industry are elevated, we have a strong appreciation for ACB’s operational rigor” - brokerage

** Says ACB has the largest international footprint among Canadian licensed producers and is well positioned to capture additional revenues from markets such as Australia and Germany

** 10 of 14 brokerages rate the stock “buy” or higher, 3 “hold” and 1 “sell”; median PT is C$15 - an upside of ~55% to stock’s closing price on Friday

** Up to Friday’s close, shares had risen ~42% YTD (Reporting by Debroop Roy in Bengaluru)

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