2 Ways Aurora Cannabis Is Shooting Itself in the Foot [The Motley Fool]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: The Motley Fool
Canada-basedAurora Cannabis(NASDAQ:ACBYChartsThe year 00 was a dreadful one for the company, which repeatedly failed to live up to its promise of achieving positive earnings before interest, tax, depreciation, and amortization (EBITDAImage source: Getty Images.Ineffective growth strategiesWhile U.S. cannabis companies are generating triple-digit revenue growth even with a limited legal market (cannabis is federally illegal in the U.S.), Aurora Cannabis's revenue picture doesn't look good. Massachusetts-basedCuraleaf Holdings'OTC:CURLFrevenue grewMeanwhile, Aurora recorded a revenue decline in its fiscal Q 0, which also ended March .Its total net revenue fell % year over year to million Canadian dollars. On the recreational front, cannabis sales fell % to CA$8 million from the year-ago period.The worst part is that Aurora is failing to generate enough revenue from its medical cannabis sales even in Canada, where it should have established a stronger market by now. It had an early move
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High impacting Aurora Cannabis Inc. - Common Shares news events
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ACB
News
- Aurora Cannabis Inc. (ACB) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- Cannabis Beverages Global Strategic Business Report 2024: Market to Grow by $1.6 Billion by 2030 - Major Alcoholic Beverage Players Seek Role in the Market [Yahoo! Finance]Yahoo! Finance
- Green gold rush, Aurora Cannabis leads pot stock surge [BNN Bloomberg (Canada)]BNN Bloomberg
- CNN values your feedback [CNN]CNN
- ACB, BRNS and EDUC among mid-day movers [Seeking Alpha]Seeking Alpha
ACB
Analyst Actions
- 2/8/24 - CANACCORD
ACB
Sec Filings
- 3/1/24 - Form 6-K
- 2/16/24 - Form 6-K
- 2/8/24 - Form 6-K
- ACB's page on the SEC website