Much anticipated earning report yesterday as the legal cannabis industry struggles with a supply shortage, all eyes are on pot stocks this week..
First to report is Aurora, and that's unfortunate because it may set the trend for the week and it might not be pretty. Another way of looking at this, possibly there's an entry point into the market...BUY LOW!
One of the company’s largest investments is in Green Organic Dutchman Holdings Ltd. , which has recently lost a whopping 40% of it's value.. However this is just a loss on paper and doesn't effect the companies ability to produce and supply cannabis but tell that to the weak hands! source
Analysts polled by FactSet on average project losses of C$0.6 cents a share on sales of C$51.8 million for Aurora. source
Earnings Report: Loss of -.06 cents per share
This is pretty close to the projected loss of .05 cents per share... and the stock price seems to be stabilizing today around the 9 dollar and change mark.
Until next time..