Why Canopy Growth, Aurora Cannabis, and Hexo Stocks Went Up in Smoke Monday

Motley Fool2021-04-13

Blame Aphria. What happened It's Monday, and marijuana stocks are vaporizing.Canopy Growth (NASDAQ:CGC) stock is down a depressing 4.7%, and cannabis rivals Aurora Cannabis (NYSE:ACB) and Hexo (NYSE:...

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Zarkness
2021-04-13
Zarkness
Hi pls like and comment thanks
- Zarkness:
  Hi
letsgo8
2021-04-13
letsgo8
Wow
- letsgo8:
  Wow
ynngy
2021-04-13
ynngy
nooo
- ynngyReplyletsgo8:
  ok cool
- letsgo8:
  Ok
- Huathk:
  K
- letsgo8:
  Cool
  Pls
  Reply

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Worse, Aphria reported a CA$1.14-per-share loss for the quarter, versus the tiny profit (calculated according to generally accepted accounting principles or GAAP) reported a year ago. In terms of U.S. dollars, Aphria lost $0.91 per share.\nNow what\nAphria blamed \"the duration and impact of lockdowns across many of the regions we operate in, particularly in Canada\" for its disappointing results, but insisted that it \"remains well-positioned with our leading brands and market share to experience a robust increase in our top-line as the market improves\" and said it is still \"excited about the strategic opportunities for incremental growth,\" particularly in the U.S. market.\nRegardless, the fact that Aphria's gross profits on its sales declined by nearly half in the quarter suggests that demand for the product isn't necessarily Aphria's (or Canopy's or Aurora's or Hexo's) biggest problem going forward. Shrinking profit on growing sales speaks to declining pricing power in the industry as oversupply continues to weigh on profitability for medical marijuana and recreational marijuana alike.\nThat's not good news for Aphria's future.It's not good news for Canopy Growth, Aurora Cannabis, or Hexo, either.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":345190739,"gmtCreate":1618284384721,"gmtModify":1704708588479,"author":{"id":"3572916667219493","authorId":"3572916667219493","name":"Zarkness","avatar":"https://static.tigerbbs.com/4b8c61830c4883c4232aece921d89d14","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":0,"idStr":"3572916667219493","authorIdStr":"3572916667219493"},"htmlText":"Hi pls like and comment thanks","listText":"Hi pls like and 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<u>cool</u>","text":"ok <u>cool</u>","html":"ok 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