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Why Aurora Cannabis made 42.2% in January – The Motley Fool



What happened

After the company disclosed previous sales figures for its second fiscal quarter on January 8, shares in Aurora Cannabis (NYSE: ACB) 42.9% this month worn, according to S & P Global Market Information.

What

Aurora Cannabis is one of the largest marijuana companies in Canada. An industry audience is considering an aggressive acquisition strategy considering its annual marijuana production that would take about 700,000 kilograms from 100,000 kilograms today. It will be sometimes before investors carry out the company's expanded plans, but Aurora Cannabis has already left its growth due to its investments.

  A man in suit going up in the air while wearing a jetpack.

IMAGE FOUNDATION: GETTY IMAGES.

The company showed unexpected results for the calendar quarter ending December 31 in early January. Quarterly results include the first sales from the Canadian recreational market, which opened your business in mid-October.

Management said sales last quarter between 50 million and 55 million Canadian dollars, up from just $ 11.7 million last year. Including acquisitions, the Aurora Cannabis pro forma income in the previous quarter (Q1) was CA $ 35 million, so the adult use market was as much as CA $ 15 million was with sales during his first six weeks from operation.

Aurora D 'announced Cannabis with investors that his annual production capacity has reached 100,000 kilograms, up to 70,000 kilograms in October, and is ongoing to increase production to an annual speed of 150,000 kilograms before the end of this quarter. This duplication over the last six months has proved to be a perfect position to increase the increased growth of its pocket income as the Canadian recreational market matures.

Now what

Aurora Cannabis is reporting its quarterly finished results tonight (February 11) after the final clock. Its CEO, Terry Booth, aims to call a conference of earnings with investors at 6 p.m. EST. During the call, investors will want to pay particular attention to what it says about the company's production costs, as the costs of reducing the cost of operating profit are crucial in cost-to-grams. Booth may offer a financial guide and offer an extra insight as soon as possible with Aurora to achieve its current production target of 570,000 kilograms per annum.

Canada spends around $ 6 billion per annum on marijuana, according to Canada Statistics, so Aurora Cannabis sales may be much higher than here as revenue changes from the black market to Canadian regulated markets. The global market could have the opportunity to become more important for the future Aurora Cannabis. Around the world, marijuana spending is totaling $ 150 billion per annum, according to the United Nations, so the results of the final quarter may be just the tip of the iceberg.

Todd Campbell has no position in any of the stocks mentioned. His clients may have posts in the mentioned companies. The Motley Fool has no job in any of the stocks mentioned. Motley Fool has an exposed policy.


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