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published in Blogs
May 17, 2021
Aurora Cannabis (ACB, $6.85) misses fiscal Q3 expectations

Aurora Cannabis (ACB, $6.85) misses fiscal Q3 expectations

Aurora Cannabis  posted its fiscal third quarter results that fell short of analysts’ expectations.  

For the third quarter ended March 31, the cannabis company reported a loss of -C$0.85 a share, wider than the -C$0.25 a share loss anticipated by analysts polled by FactSet. The company’s revenue came in at C$55.2 million, compared to C$68.7 million expected by analysts.

Aurora also said that it plans to file for a new US$300 million at-the-market stock sale program. According to the company, the program would “provide maximum flexibility to pursue select acquisitions going forward, including within the U.S.”

Related Tickers: ACB