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

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

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 .....»»

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

Aurora Cannabis Inc. (NYSE: ACB) (TSX: ACB) stock plunged after hours Thursday when the company reported a drop in recreational cannabis revenue, missing estimates. The Edmonton, Alberta-based cannab.....»»

Aurora Cannabis Inc. reported another large quarterly loss Thursday, and announced more cost-cutting, share-sale plans and executive changes as shares plunged in late trading......»»

Curaleaf Holdings Inc. is selling cannabis at an annual rate of a billion dollars a year, and executives expect that to keep increasing......»»

The companies' quarterly earnings reports that were otherwise strong detailed the problems created by the shortage of computer chips......»»

The April 20 cannabis holiday brought $11.82 million in medical and recreational sales in 2021, according to a new report Wednesday from cannabis software firm Akerna Corp (NASDAQ: KERN).  read more.....»»

It has been a wild ride for Oregon's cannabis industry. And the road ahead remains uncertain. The adult-use recreational market came online in 2015 and since then sales have climbed. Retail sales in 2020 rose nearly 40%, to $1.1 billion, and wholes.....»»

Recreational cannabis in Pennsylvania could bring 32,000 full-time jobs, $3.3 billion in annual sales and $520 million in yearly tax revenue to the Keystone State, according to the cannabis platform Leafly.  read more.....»»

Michigan recreational and medical marijuana sales amounted to $115.4 million in March, according to Headset, a cannabis data analytics company. That's twofold growth compared to the same period last year. read more.....»»

New Jersey is expected to start recreational cannabis sal.....»»

Jefferies analyst Owen Benne.....»»

MKM analyst Bill Kirk downgraded the stock of Aurora Cannabis Inc. to sell on Friday, after the company's fiscal second-quarter earnings published late Thursday fell short of expectations. The numbers were "concerning on two fr.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

GW Pharma develops therapies derived from the marijuana plant, and was the first company to receive FDA approval for a cannabinoid-based therapy. Canada-based marijuana producer Aurora Cannabis pulled off a high sales volum.....»»

Cannabis stocks widely outperformed the markets after a slew of financing deals and strong earnings reports. read more.....»»

Cannabis stocks traded up this week, following news of the merger between Aphria (NASDAQ: APHA) and Tilray (NASDAQ: TLRY). Benzinga spoke with Aphria CEO and chairman Irwin D. read more.....»»

Canopy Growth Corp (NYSE: CGC) shares are trading higher, potentially in sympathy with Aurora Cannabis (NYSE: ACB) following the company's earnings results. read more.....»»

Aurora Cannabis Inc (NYSE: ACB)(TSE:ACB) reported a 35% sequential sales increase for the thi.....»»