Aurora Cannabis Forecasts Sales At High End, But Marijuana Stocks Fall [Investor's Business Daily]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: Investors Business Daily
Related news Aurora Cannabis stock fell on Friday, even as the Canadian cannabis producer said it expects fiscal first-quarter sales and adjusted margins to come in at the high end of its expected range. Other marijuana stocks also fell amid a broad, sharp market sell-off The company sees fiscal first-quarter net sales coming in at the upper end of expectations for 60 million to 64 million Canadian dollars. That is still down from the 67.5 million it made in the prior quarter. Aurora Cannabis ( ACB ) has said that net sales would likely be made up almost entirely of cannabis, after divesting "noncore subsidiaries" during the prior fiscal year. Aurora also expects adjusted gross margin to be at the high end of earlier views for 46%-50%. Sales, general and administrative costs for the quarter are expected to be in the low 40-million range, when excluding contract and employee termination costs. Aurora Cannabis said it still expects to reach positive adjusted EBITDA in its second quart
Show less
Read more
Impact Snapshot
Event Time:
ACB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ACB alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ACB alerts
High impacting Aurora Cannabis Inc. - Common Shares news events
Weekly update
A roundup of the hottest topics
ACB
News
- Aurora Cannabis: Improved Financials, Limited Opportunity [Seeking Alpha]Seeking Alpha
- 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
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