Aurora Cannabis, one of Canada’s biggest players, had the ???? worst quarter ever for a cannabis company, losing US$1.42B on $53M in revenue Q2. The company has lost $2.47B on the year.Â
Business Insider
- The stock ended the week trading at $5.05, its lowest point since August 2016.
- A Seeking Alpha analyst says the company is heading for “zombification.”
- The company’s recovery plan is to bet big on premium brands.
BNN Bloomberg
In other Canadian corporate news:
- Several players, including Aurora, are ???? moving into the Israeli MED market.
Business Insider - Canopy Growth amended its proposal to acquire U.S. MSO Acreage Holdings once the law permits.
Pot Network - MJBiz suggests Canadian companies’ missteps offer insights for those set on global expansion.
