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Source: Common Domain

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

Tuesday 08:05 GMT

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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