Why Aurora Cannabis Stock Is Sinking Today
Shares of Aurora Cannabis (NYSE: ACB) were sinking 10.9% as of 10:58 a.m. on Thursday. The Canadian cannabis producer announces its fiscal 2020 first-quarter results after the market closes today, and investors appear to expect bad news from that update after Aurora's peer, Canopy Growth (NYSE: CGC), reported horrible results from its recent quarter before the market opened today.
There certainly are some reasons to anticipate that Aurora's Q1 update won't be pretty. Canopy Growth posted revenue that was much lower than expected and a net loss much worse than expected in its fiscal 2020 Q2 results announced this morning.
Image source: Getty Images.
Source Fool.com
