Aurora Cannabis pushes back profitability target to fiscal 2020

FILE PHOTO: The Logo for Aurora Cannabis Inc., a Canadian licensed cannabis producer, is displayed on a screen on the floor of the New York Stock Exchange in New York, U.S., January 8, 2019. REUTERS/Brendan McDermid

Canada became the first G7 country to legalize recreational marijuana late last year but sales have been dampened by supply constraints and higher prices than those on the black market. “Based on our internal forecast, we are very confident that we are going to reach profitability in fiscal 2020.” Aurora’s U.S.-listed shares fell about 10% in after-hours trading after it missed revenue estimates for the quarter due to lower prices. It posted revenue of C$98.9 million , below the C$108.3 million that analysts had expected, according to IBES data from Refinitiv.

How's canopy lookin?

😂🤣😂🤣😂🤣😂🤣😂 When wall street suits think they can outsmart the weed market they've never been a part of....😂🤣😂🤣😂🤣 CHEERS to a the black market growers going mainstream and fleecing these rich assholes🍻🥂😂🤣😂😆🤙🏼😆🤙🏼😆🤙🏼😆🤙🏼😆🤙🏼😙💨😤😤😖😖😎

The four elements of the zodiac... earth ⛰ water 💧 air 💨 fire 🔥

Dead money walking.

Hasn’t fiscal 2020 already started?

It's puff puff, pass pass.... Upinsmoke.

Fire sale. All assets and investments.

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