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Time to short then
much like pot in brownies, it looks like the earnings were baked in.
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Aurora stock falls as earnings show cannabis company’s investments are still the big earnersMassive demand for marijuana and a scramble to capitalize on adult recreational legalization in Canada generated more revenue for Aurora Cannabis Inc. but cost the company millions, according to results the company reported Monday after the market opened. They should just go buy Jamaica
Source: MarketWatch - 🏆 3. / 97 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 »
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 fails to hold gains after company unveils plan to buy Mexican partnerJust days after Aurora Cannabis Inc. announced a supply deal with Mexico’s Farmacias Magistrales SA, the Canadian cannabis company said it has entered a letter of intent to buy all of the company’s outstanding shares in an all-stock deal. Dilutive dreck.
Source: MarketWatch - 🏆 3. / 97 Read more »