Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Aurora Cannabis Inc.    ACB   CA05156X8843

AURORA CANNABIS INC.

(ACB)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 10/26 12:45:46 pm
5.82 CAD   -5.06%
10/23Investors' bold bets on Biden win pose market risk
RE
10/21TSX falls 0.26% to†16,230.23
RE
10/21NEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Aurora Cannabis sees Q1 revenue below estimates, shares fall

share with twitter share with LinkedIn share with facebook
09/22/2020 | 07:23pm EDT

Sept 22 (Reuters) - Canadian pot producer Aurora Cannabis Inc on Tuesday forecast first-quarter revenue below analysts' estimates, sending its U.S-listed shares tumbling 15%.

The coronavirus outbreak has made it harder for the cash-strapped cannabis industry to get investor dollars and has forced companies to shut their stores.

To survive the challenging times, Aurora has laid off hundreds of employees this year, shut five facilities and amended its loan agreements.

However, the pot producer on Tuesday reiterated its expectation to post an adjusted profit for the first time in the second quarter, as it attempts to turn its fortunes around.

For most weed producers in Canada, which legalized recreational cannabis in October 2018, profits have proven to be elusive due to fewer-than-expected retail stores, cheaper rates on the black market and slow overseas growth.

Aurora forecast first-quarter cannabis net revenue to be between C$60 million ($45.11 million) and C$64 million, below estimates of C$79.62 million, according to Refinitiv IBES data.

The company also posted fourth-quarter revenue of C$72.11 million, compared with analysts' estimates of C$72.08 million.

($1 = 1.3302 Canadian dollars)

(Reporting by Arunima Kumar in Bengaluru; Editing by Amy Caren Daniel)


Stocks mentioned in the article
ChangeLast1st jan.
APHRIA INC. 1.01% 6.025 Delayed Quote.-11.95%
AURORA CANNABIS INC. -5.06% 5.82 Delayed Quote.-81.69%
AUXLY CANNABIS GROUP INC. 0.00% 0.205 Delayed Quote.-62.04%
CANOPY GROWTH CORPORATION -5.09% 24.56 Delayed Quote.-5.02%
CRONOS GROUP INC. -3.66% 7.34 Delayed Quote.-23.37%
HEXO CORP. -4.00% 0.96 Delayed Quote.-51.69%
LIBERTY HEALTH SCIENCES INC. -6.12% 0.46 Delayed Quote.-19.67%
ORGANIGRAM HOLDINGS INC. -3.03% 1.6 Delayed Quote.-48.28%
THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD. -4.35% 0.22 Delayed Quote.-69.33%
THE SUPREME CANNABIS COMPANY, INC. 0.00% 0.1325 Delayed Quote.-79.37%
TILRAY, INC. -14.17% 5.81 Delayed Quote.-60.71%
share with twitter share with LinkedIn share with facebook
All news about AURORA CANNABIS INC.
10/23Investors' bold bets on Biden win pose market risk
RE
10/21TSX falls 0.26% to†16,230.23
RE
10/21NEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
10/20NEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
10/20NEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
10/20NEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
10/20NEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
10/20NEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
10/19TSX falls 1% to†16,274.07
RE
10/18New Zealand's Ardern wins 'historic' re-election for crushing COVID-19
RE
More news
Financials
Sales 2021 313 M 238 M 238 M
Net income 2021 -156 M -118 M -118 M
Net Debt 2021 599 M 455 M 455 M
P/E ratio 2021 -5,07x
Yield 2021 -
Capitalization 745 M 567 M 566 M
EV / Sales 2021 4,29x
EV / Sales 2022 3,14x
Nbr of Employees 2 731
Free-Float 99,5%
Chart AURORA CANNABIS INC.
Duration : Period :
Aurora Cannabis Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AURORA CANNABIS INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 12,74 CAD
Last Close Price 6,13 CAD
Spread / Highest target 438%
Spread / Average Target 108%
Spread / Lowest Target 12,6%
EPS Revisions
Managers
NameTitle
Miguel Martin CEO, Director & Chief Commercial Officer
Michael Singer Executive Chairman
Allan Cleiren Chief Operating Officer
Glen W. Ibbott Chief Financial Officer
Darryl Vleeming Executive Vice President-Information Services
Sector and Competitors
1st jan.Capitalization (M$)
AURORA CANNABIS INC.-81.69%567
CANOPY GROWTH CORPORATION-5.02%7 327
CURALEAF HOLDINGS, INC.55.87%6 378
BEIJING TONGRENTANG CO., LTD-4.22%5 536
DONG-E-E-JIAO CO.,LTD.9.19%3 742
TRULIEVE CANNABIS CORP.105.66%3 065