03:33:30 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,013,134,389
Close 2019-04-08 C$ 11.99
Market Cap C$ 12,147,481,324
Recent Sedar Documents

FP says Aurora, rivals not meeting production guidance

2019-04-08 09:15 ET - In the News

Also In the News (C-APHA) Aphria Inc
Also In the News (C-HEXO) Hexo Corp
Also In the News (C-OGI) Organigram Holdings Inc
Also In the News (C-WEED) Canopy Growth Corp

The Financial Post reports in its Saturday, April 6, edition that in its most recent financial quarter, Canopy Growth brought in $83-million, which mostly came from the sale of over 10,102 kilogram of cannabis. The Post's Vanmala Subramaniam writes that Canopy's harvest rates have generally been on a sharp upward trajectory. In 2018, Canopy harvested as much as 40,000 kg of cannabis. By contrast, its closest rival, Aurora, which says it is operating at an annualized production rate of 120,000 kg, produced just over 16,000 kg in 2018. In terms of sales, Aurora sold 7,000 kg of cannabis, bringing in revenue of $62-million in its most recent quarter. Purpose Investments chief investment officer Greg Taylor says: "Look, I think the bottom line here, when you look at all of these companies, is that it is much harder to mass produce cannabis than everyone expected. That, to me is a risk for the whole sector. They came out with these monster growth numbers, but not a single big licensed producer has been able to deliver on them yet."

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