Aurora Cannabis (ACB) 2019 Q1 Explained – RICH TV LIVE
Aurora Cannabis (ACB) 2019 Q1 Explained – RICH TV LIVE
Aurora Cannabis (ACB) 2019 Q1 Explained – RICH TV LIVE – November 12, 2018 – Today I break down the Aurora Cannabis Q1 Financials. Aurora Cannabis Inc. (“Aurora” or the “Company”) (TSX |NYSE: ACB) (Frankfurt: 21P; WKN: A1C4WM), announced today its financial and operational results for the first quarter ended September 30, 2018.
Q1 2019 Financial and Operational Highlights
(1) Cannabis revenue for Q1 2019 was comprised of revenues from both medical and adult-use markets (adult use revenues of $0.6 million reflect only Aurora’s initial shipments received by provinces in final days of September 2018 and took place prior to Aurora Sky receiving its sales license on October 17, 2018). Q4 2018 and Q1 2018 cannabis revenues were comprised solely of revenues from medical cannabis
(2) Represents the gross margin on cannabis sales before fair value adjustments
(3) Represents the cash cost of sales and cost to produce per gram sold of dried cannabis produced by Aurora
(4) Represents the average net selling price per gram of dried cannabis or per gram of dried cannabis equivalent.
Commencement of Sales to Canadian Adult Consumer Use MarketOn October 17, 2018, sales of cannabis for adult consumer use in Canada, legalized through Bill C45, commenced. Aurora recorded a strong performance, ranking top or among the top selling products and brands in many of the provinces the Company committed to supplying, for the first two weeks to October 31, 2018.
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Love your breakdowns Rich!
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SMOOTH MAN!!!!!! keep it true & fun!!!!!
I understand the rap music represents hype music but it always feels off. I dont picture you raising your voice and getting down!
Xanthic exploded over 1100% today from .18 to $2.12. I lost out. 🙁 Rich, did you happen to profit from this? Love the channel & info. Thank you.
Hey Rich can you do a segment on HMMJ I would like to know how this ETF works when these big companies buy out all the little ones. Will this ETF eventually only be 5 companies? I haven’t seen you do anything on HMMJ in a while. Can you explain how this works please?
ACB is a shorters paradise. Ive seen their product and its not very good… Im starting to have my doubts about these guys.
I love this Rich guy.
Aurora is a the strangest company I’ve ever come across. From past experiences, anytime when a company has positive earning results, the share value steadily increase within days/weeks/months. How can a company like ACB shows so much earning results/potential and yet, it keeps on tanking? I can’t quite pin-point my finger on it but there’s something extremely wrong with this company.
Looks can be deceiving. It looks and sounds great on paper and all but ACB just press on tanking. Lowest this morning is at around $6.80(U.S.) and ACB will most likely remain this way for quite some time.
Yes, long term 3-5 yrs, it’s a possibility should Coca-cola or Pepsi decide to partner up with ACB but for now ACB remains extremely unstable even with all the hype. If you ask me, this is another buy/sell-out schematic. Aurora remains a sitting duck as investors are exploiting its hype to its limit.
The exploiters are getting rich off of this opportunity while the rest of us just cringe at the sight because we fell victim to this schematic hype.
What will revs be on Monday Feb 11?
It’s true.
😎👌
These earnings and revenue are so good !!! Why does the stock keep going down??? I don’t get it !! These pot company’s increase revenue by 300%and yet the stock goes down… if Netflix or square did this , their stock would sky rocket !!!!
Rich, love the show, but can barely hear you because of the music in the beginning …..Also, are you based in Toronto area?
*C’mon. 260% where have you seen something like that even WITHOUT a full quarter of legalised weed?! Imagine the results of 2019. BUY THE DIP!*
Here’s a good rundown of how the markets work. You’re right … we can’t beat the "elite" … that’s the way it’s all set up by the "elite" … for the "elite". So much for the free market eh ! lol Best of luck to all us "pawns". Check this out … https://www.equedia.com/why-the-tsx-venture-is-failing/
Good Morning, Rich! Did you hear that Brad Rogers bailed at Canntrust??? UGH!!!!!!!!! This is going to be a HELL of a week….and they have earnings this week as well. FUCK!
Rich, what do you think of New Age Farms "NF", have you looked into them?
ACB 🙌🏻💰 money making machine.
Thanks for the video rich. 👊🏼
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