Aurora Cannabis: 3 Things That Actually Went Right in Its Latest Quarter [The Motley Fool]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: The Motley Fool
Things haven't exactly gone as planned for marijuana stock investors. Following years of outperformance, pot stocks have predominantly face-planted since adult-use sales commenced in Canada in October 08. This underperformance has been particularly noticeable among Canadian marijuana stocks Aurora Cannabis ( NYSE:ACB around $7 billion in market cap Image source: Getty Images. Making matters worse, the company's recently reported fiscal second-quarter operating results were a mess -- albeit a largely expected mess But among the many negatives Aurora reported in its latest fiscal quarter, there were still a handful of bright spots. Three things that actually went right for Aurora Cannabis in Q Though this might sound counterintuitive, the first thing that went right for Aurora during the second quarter is that its wholesale cannabis revenue fell off a cliff. Aurora wound up tallying only CA$.8 million in wholesale revenue, down 77% from the sequential first quarter. How's this a good th
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- 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
- Is Aurora Cannabis Set to Take Off After Soaring 39% in the Past Month? [Yahoo! Finance]Yahoo! Finance
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