07:38:36 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Aurora Cannabis Inc
Symbol ACB
Shares Issued 1,017,438,714
Close 2019-08-13 C$ 8.82
Market Cap C$ 8,973,809,457
Recent Sedar Documents

Globe/CP say Canopy, Aurora see Tilray Q2 loss widen

2019-08-14 08:01 ET - In the News

See In the News (C-WEED) Canopy Growth Corp

The Globe and Mail reports in its Wednesday, Aug. 14, edition that pot producer Tilray posted a wider second quarter loss on Tuesday. A Canadian Press dispatch to The Globe reports that Tilray's cost of sales rose more than sixfold to $33.6-million in the second quarter from a year earlier. The results came on the back of increasing demand in the Canadian cannabis sector, which has faced supply constraints. Sales have been dampened by supply constraints and prices that are higher than those on the black market. The larger players, such as Canopy Growth, Aurora Cannabis and Tilray, have spent heavily to bridge the supply-demand gap, often resulting in bigger losses, spooking investors waiting for any sign of profitability. Tilray said total kilogram equivalents of weed sold in the second quarter surged nearly 270 per cent to 5,588 kilograms, while average selling price per gram fell from $6.38 a year earlier to $4.61. Tilray's net loss widened to $35.1-million or 36 cents a share in the quarter ended June 30, from $12.8-million or 17 cents a year earlier. Excluding items, Tilray posted a loss of 32 cents a share. Analysts on average had expected a loss of 25 cents.

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