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Pot stocks pummeled again, as Aurora Cannabis falls on NYSE debutMarijuana stocks take another broad beating Tuesday, as the sector heads for a sixth straight loss.
Source: MarketWatch - 🏆 3. / 97 Read more »
Marijuana stocks to watch: Aurora Cannabis investments may be more valuable than its potAurora Cannabis is making hay from its investments in other pot stocks, drawing comparisons to Warren Buffett’s Berkshire. We're long $ACB and looking forward to the NYSE listing.
Source: MarketWatch - 🏆 3. / 97 Read more »
Pot stocks turn lower, head for 7th straight loss; Aurora Cannabis seesaws to gainMarijuana stock investors may have to wait a little longer for a reason to cheer, as an early bounce faded Wednesday, placing the sector in danger of a seventh straight decline.
Source: MarketWatch - 🏆 3. / 97 Read more »
Pot stocks fall for a 7th straight day; Aurora Cannabis seesaws back to a lossMarijuana stock investors may have to wait a little longer for a reason to cheer, as an early bounce faded Wednesday, to put the sector on track for a seventh straight decline.
Source: MarketWatch - 🏆 3. / 97 Read more »
Aurora Cannabis' earnings surge by 2,800% after it produces 11,000 pounds of pot in 3 monthsAurora Cannabis reported on Monday that revenue jumped 260 percent over the last 12 months, with kilograms produced climbing to 4,996 from 1,010 over the past year. much like pot in brownies, it looks like the earnings were baked in. Time to short then
Source: CNBC - 🏆 12. / 72 Read more »
Aurora Cannabis is buying an organic medical marijuana company in the latest pot M&A tie-upAnalysts say the deal gives Aurora a leg-up on branding power, as advertising is heavily restricted in the Canadian marijuana industry. How to Invest in Crypto Coins? Buy DeepOnion getdeeponion $ONION
Source: BusinessInsider - 🏆 729. / 51 Read more »
Aurora Cannabis stock surges after earnings top $100 million, revenue nearly quadruplesShares of Aurora Cannabis Inc. surged 3.3% in premarket trade Monday, after the Canada-based cannabis company reported Monday fiscal first-quarter net earnings that rose to $105.5 million from $3.6 million a year ago, and from $79.9 million in the previous quarter. Total revenue rose 260% from a year ago and 55% from the previous quarter to $29.7 million, while cannabis revenue jumped 236% from last year and 65% from last quarter to $24.6 million. The average selling price per gram of dried cannabis grew 15% from a year ago to $8.39, while the cash cost per gram fell 12% to $1.90. For cannabis extracts, the net selling price per gram fell 26% to $12.12, while costs declined 22% to $1.45. Active registered patients rose 250% to 67,484. The company the jump in net earnings was primarily attributable to unrealized non-cash gains on derivatives and marketable securities. "The commencement of adult consumer use sales in Canada has been very successful for Aurora, with strong performance across all product categories and brands," said Chief Executive Terry Booth. "Given the strong unmet consumer demand evident across Canada, we are confident that our rapidly increasing production capacity will result in continued acceleration of revenue growth." The stock has rallied 58% over the past three months while the ETF MG Alternative Harvest ETF has climbed 22% and the S&P 500 has slipped 1.8%. Is it legal to own this stock? SimplyyGark Lmao it's getting dumped rn
Source: MarketWatch - 🏆 3. / 97 Read more »