• Aurora stock plunges 11% as cannabis producer scales back expansion ami

    From Democrat Organized Crime@1:229/2 to All on Friday, November 15, 2019 13:28:30
    XPost: alt.drugs.heroin, sac.politics, soc.retirement
    XPost: talk.politics.guns
    From: democrat.organized.crime@disney.com

    Good!

    Happy to see the pot dealers go down the tubes.

    Aurora Cannabis Inc. reported a 24% sequential decline in
    revenue Thursday, reporting sales of C$75.3 million ($56.8
    million) versus C$98.9 in the previous quarter, as the company
    slows its expansion plans in Canada and abroad.

    U.S.-traded shares of Aurora ACB, -8.81% ACB, -6.61% fell more
    than 11.3% in the extended session.

    The company reported fiscal first-quarter net income
    attributable to Aurora of C$12.8 million, or a penny a share,
    compared with C$105.5 million, or 12 cents a share, in the year-
    ago period.

    Aurora said that it sold C$30.5 million of medical weed;
    recreational sales sequentially declined 33% to C$30 million,
    which Aurora said was due to slower provincial ordering. Aurora
    sold C$10.3 million worth of wholesale pot, which executives
    said mostly consisted of lower-quality product such as trim and
    shake, leftovers from the higher-value smokeable flower.

    https://www.marketwatch.com/story/aurora-stock-plunges-9-as- cannabis-producer-scales-back-expansion-amid-declining-revenue-
    2019-11-14

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    * Origin: www.darkrealms.ca (1:229/2)