Weekly Cannabis Stock News: Canopy Growth Saves the Marijuana Industry [The Motley Fool]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: The Motley Fool
Last week was a study in contrasts for publicly traded marijuana stocks. Two 00-pound gorillas of the industry, Aurora Cannabis ( NYSE:ACB Canopy Growth NYSE:CGC In short, Aurora's quarter deepened pessimism about the prospects of marijuana companies generally. A day later, Canopy Growth's report brought the bulls roaring back into the sector, and peer weed stocks rose in sympathy. Here's more: Image source: Getty Images. Aurora Cannabis' Awful Q Let's face it, Aurora's Q results were grim. Quarter-over-quarter net sales cratered %, and while the market was expecting a deep net loss, it wasn't expected to be as bottom-touching as . billion Canadian dollars ($98 million). Like that net revenue figure, a worryingly high number of both financial and operational metrics were down for Aurora during the quarter: production, selling prices, even ancillary revenue One factor at least partly responsible for certain Aurora declines in Q was the suspension of its license to sell medical marijuan
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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