Aurora Cannabis: Q2 Guidance Fell Short Of Expectations [Seeking Alpha]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: Seeking Alpha
Aurora Cannabis: Q2 Guidance Fell Short Of ExpectationsSummaryAurora announced guidance for its Q2 2019 results (Oct-Dec 2018) including revenue in the range of $50 to $55 million.The guidance was underwhelming as it indicates only $17 million of sales from legalization in Q2 ($20 million run-rate given Oct 17 launch).Investors voiced their support for the company as Aurora's share price only declined 4.4% on Tuesday, a small movement considering the huge "miss" relative to analyst estimates of $67 million.We expect other cannabis companies to report even smaller legalization revenues for the coming quarter as we thought Aurora was one of the readiest producers in the Canadian market.
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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