قالب وردپرس درنا توس
Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Marijuana Stocks: Aurora Cannabis Earnings Due After Market Close

Marijuana Stocks: Aurora Cannabis Earnings Due After Market Close



Canadian marijuana producer Aurora Cannabis (ACB) reports fiscal second-quarter earnings after the market close today. Check back here for updates. Aurora Cannabis stock and other marijuana stocks were mostly lower on Monday.




Aurora Cannabis Earnings

Estimates: No estimates were available from Zacks Investment Research. Last month, the company forecast net sales of 50 million to 55 million Canadian dollars. The forecast fell short of some estimates.

Results: Coming after the close

Aurora Cannabis Stock, Other Marijuana Stocks

Aurora Cannabis stock fell 5.8% in the stock market today. The company has a composite rating of 97 out of a best-possible 99. That is the strongest showing of the US-listed Canadian marijuana stocks.

Aurora Cannabis stock has a strong Relative Strength Rating of 91

. The rating measures a stock's performance over the past 12 months.

Among other marijuana stocks, Canopy Growth (CGC), which reports earnings on Thursday, fell 6%. Cronos Group (CGC) picked up 2.2%. Cronos has an 85 Composite Rating

Tilray (TLRY) fell 2.7%. Aprhia (APHA) tumbled 9%

A Glance At The Recreational Cannabis Market Aurora has driven financial results higher in previous quarters by big acquisitions and investments. The company's fiscal second quarter encompasses the three months ended Dec. 31. Legal recreational marijuana sales in Canada started on Oct. 17.

Canaccord Genuity analyst Matt Bottomley said the results from Aurora and Canopy would give investors their "first real look" at the sales potential for the nation's biggest licensed weed growers.

Investors in recent months have raised more questions about that potential. Canada's biggest producers are losing money as they try to expand to other nations and increase their production capacity. Shortages in the nation's supply of recreational weed have forced some dispensaries to close on some days. Products like vaping devices and edibles, which have become more popular, will not be available until later this year.

Aurora Cannabis in November said it invested in a "significant number" of marketing efforts to boost awareness for its recreational products. . Survey results from GMP Securities in October showed some of the different products offered by Canada's pot producers. Sales of cannabis oil rose 2% over that time. Statistics Canada also states that the rate of cannabis usage has changed substantially since legalization

Next Episode Of The Marijuana Industry 'Sh * tshow'

Aurora CEO Terry Booth, at a conference in November, said Canada's legal recreational market would likely remain a "sh * tshow." And he said Ontario, Canada's most populous province, handled the rollout the sausage.

Ontario launched its recreational sales through an online, government-run store. The province recently handed out the first 25 physical-retail licenses via a lottery system.

Executives from Aurora and Canada's other producers have said the bigger opportunity, long term, resides in selling medical marijuana to other nations that have legalized it. 19659008] Aurora on Monday said it had made its first commercial export of cannabis oil to the UK

Marijuana Stocks To Watch As Cannabis Investing Takes Off

Big Mall Operator, Barneys New York Strike Cannabis Deals; Marijuana Stocks Fall

Marijuana Stocks To Buy And Watch

Marijuana Stocks In 2019: Time To Separate 'Winners From The Sinners'


Source link