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Aurora Cannabis Earnings Reveal More Money, More Problems for Recreational Pot Sales

Legalizing pot in Canada has helped Aurora's sales, but added to its excise taxes and regulation-inspired costs. The legalization of marijuana is proving to be a two-edged sword for cannabis startups: On the one hand, it means mo.....»»

Category: europeSource: fortuneFeb 11th, 2019

Aurora Cannabis earnings show big growth in pot sales, but worrisome profit trend

Aurora Cannabis Inc. nearly quadrupled its revenue and claimed a strong market share in an earnings report Monday that detailed the first quarter of legal recreational-pot sales in Canada, but also showed off large losses and a shrinking margin......»»

Category: topSource: marketwatchFeb 11th, 2019

Cannabis Watch: Cannabis stocks slammed as Canopy earnings disappoint

Cannabis stocks fell on Friday, led by Canopy Growth Corp., after the biggest company in the sector measured by market cap reported an unexpected decline in recreational pot sales in Canada in the fourth quarter from the previous one......»»

Category: topSource: marketwatchJun 22nd, 2019

Cannabis Watch: Canopy Growth earnings show decline in recreational pot sales since launch of legal weed in Canada

The world’s largest pot company said Thursday that recreational pot sales in Canada declined from the launch quarter, but continued to promise increased production of marijuana to meet demand......»»

Category: topSource: marketwatchJun 20th, 2019

Cannabis Watch: Canopy Growth earnings show decline in recreational pot sales from launch of legal weed in Canada

The world’s largest pot company said Thursday that recreational pot sales in Canada declined from the launch quarter, but continued to promise increased production of marijuana to meet demand......»»

Category: topSource: marketwatchJun 20th, 2019

Cannabis Watch: Aurora Cannabis losses growing faster than expected, shares fall

Aurora Cannabis Inc. sales and losses both grew faster than expected in its fiscal third quarter, according to an earnings report released late Tuesday that sent shares about 2% lower in after-hours trading......»»

Category: topSource: marketwatchMay 14th, 2019

Cannabis Watch: Aurora Cannabis pot sales and losses growing faster than expected, shares fall

Aurora Cannabis Inc. sales and losses both grew faster than expected in its fiscal third quarter, according to an earnings report released late Tuesday that sent shares about 2% lower in after-hours trading......»»

Category: topSource: marketwatchMay 14th, 2019

Earnings Watch: Cannabis companies failed their first big test, now they have a second chance

After the first nearly full quarter of recreational cannabis sales, the world’s largest pot producers had a shot to prove they belong among blue-chip stocks. They mostly failed......»»

Category: topSource: marketwatchMay 10th, 2019

Cannabis Watch: Pot maker Cronos Group losses widen, but recreational sales remain a mystery

Investors continue to have no idea how much recreational pot Cronos Group Inc. sold as its losses continued to mount, according to fourth-quarter earnings it reported Tuesday before the opening bell......»»

Category: topSource: marketwatchMar 27th, 2019

Cannabis Watch: Pot companies to reveal earnings less than a month after Canadian legalization

Four major Canada-based weed producers are set to report earnings next week, the biggest financial test for the companies since Canada legalized adult recreational use of cannabis on Oct. 17......»»

Category: topSource: marketwatchNov 9th, 2018

Aurora Cannabis Sees Huge Sales Increase In Q1 Earnings Release

Aurora Cannabis Inc (NYSE: ACB) shares were down Monday after the Canadian marijuana company reported its fiscal first-quarter results. What Happened Aurora's Q1 print marks the company's first as a NYSE-listed company. The company said.....»»

Category: earningsSource: benzingaNov 12th, 2018

Aurora Cannabis Sees Huge Sales Increase In Q1 Earnings Release

Aurora Cannabis Inc (NYSE: ACB) shares were down Monday after the Canadian marijuana company reported its fiscal first-quarter results. read more.....»»

Category: blogSource: benzingaNov 12th, 2018

Cannabis Watch: Aurora stock falls as earnings show cannabis company’s investments are still the big earners

Massive demand for marijuana and a scramble to capitalize on adult recreational legalization in Canada generated more revenue for Aurora Cannabis Inc. but cost the company millions, according to results the company reported Monday after the market opened......»»

Category: topSource: marketwatchNov 12th, 2018

Tilray revenue doubled but losses widened ahead of legal pot sales in Canada

Tilray Inc. nearly doubled revenue as losses mounted ahead of Canadian legalization of recreational cannabis, the pot producer revealed Tuesday in an earnings report......»»

Category: topSource: marketwatchNov 13th, 2018

Cannabis Earnings Roundup: Record Sales, But Concerns Remain

The four largest cannabis companies in Canada -- Aurora Cannabis Inc (NYSE: ACB), Canopy Growth Corp (NYSE: CGC), Tilray Inc (NASDAQ: TLRY) and Cronos Group Inc (NASDAQ: CRON) -- have all recently reported .....»»

Category: earningsSource: benzingaNov 14th, 2018

Aurora Cannabis earnings claim it sold about a fifth of Canada"s legal pot in opening quarter

Aurora Cannabis Inc. sold about one-fifth of Canada's recreational marijuana in the first quarter of legal availability, the company .....»»

Category: topSource: marketwatchFeb 11th, 2019

Cannabis Watch: Cannabis stocks climb for the first time in three days with Aurora leading the pack

Cannabis stocks rose for the first time in three sessions Friday, reversing some of the losses that were driven by disappointing earnings with Aurora leading the pack with a 5% gain......»»

Category: topSource: marketwatchAug 16th, 2019

Canopy Growth drives revenue with 94% increase in recreational dried cannabis sales in first quarter of fiscal 2020

Adjusted EBITDA up more than $5M (CDN) versus prior quarter;Company positioned to bring CBD products to U.S. market by end of fiscal 2020;Record harvest of over 40,000 kg KEY HIGHLIGHTS Generated net revenue1 of $90.5 million in Q1 2020. Adj.....»»

Category: earningsSource: benzingaAug 14th, 2019

Canopy Growth drives revenue with 94% increase in recreational dried cannabis sales in first quarter of fiscal 2020

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Category: earningsSource: benzingaAug 14th, 2019

Earnings Outlook: Nvidia earnings: The bar for data-center sales may not be low enough

Nvidia Corp. is looking at problems overcoming high expectations in its data-center business amid the release of new gaming cards and that could hurt the stock as investors focus on the chip maker’s second-largest business rather than its core business......»»

Category: topSource: marketwatchAug 12th, 2019

Earnings Outlook: The bar for Nvidia’s data-center sales may not be low enough

Nvidia Corp. is looking at problems overcoming high expectations in its data-center business amid the release of new gaming cards and that could hurt the stock as investors focus on the chip maker’s second-largest business rather than its core business......»»

Category: topSource: marketwatchAug 8th, 2019