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Aurora Cannabis earnings show big growth in pot sales, but worrisome profit trend

Aurora Cannabis Inc. nearly quadrupled its revenue and claimed a strong market share in an earnings report Monday that detailed the first quarter of legal recreational-pot sales in Canada, but also showed off large losses and a shrinking margin.

Marijuana stocks to watch: Aurora Cannabis investments may be more valuable than its pot. Previously, Aurora earnings were boosted by its wide-ranging investments in other marijuana-related companies, but a downturn in pot stocks at the end of last year was expected to hit the company’s bottom line in this report.

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Wall Street Jurnal -
Stock market may be in for a rude awakening as profits dry up, warns strategist

Blockbuster earnings, which until now have played a pivotal role in fueling the stock market’s multiyear over the past few years, could be a distant memory as corporate profits hit a wall.

The strategist, whose views on the stock market are among the more subdued in the industry, believes the odds of a contraction in corporation’s bottom line are rising with the possibility of flat earnings in the first half and a “hockey stick” for the second half.



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