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Stock impact report

7 Bright Spots in Aurora Cannabis' Otherwise Bleak Q2 Update [The Motley Fool]

Aurora Cannabis, Inc (ACB)  More Company Research Source: The Motley Fool
PDF 7 Bright Spots in Aurora Cannabis' Otherwise Bleak Q2 Update Sure, Aurora's latest quarterly update was mainly bad news. But there were at least a few things to like. To no one's surprise, Aurora Cannabis ( NYSE:ACB ) reported dismal fiscal 2020 second-quarter results on Thursday. Aurora's revenue fell 26% from the prior quarter. The company posted another adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) loss that reflected a steep decline from Q1. But while there was a lot to dislike about Aurora's Q2 results, the company's executives did discuss some good news in the quarterly conference call Thursday morning. Here are seven bright spots in Aurora's otherwise bleak Q2 update. Aurora reported that consumer cannabis revenue in Canada's adult-use recreational market fell 24% quarter over quarter to 22.9 million in Canadian dollars. However, that worrisome number reflected a provision totaling CA $10.6 million for returns and price adjustments for pri [Read more]
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