S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%S&P 500 5,235.18 +1.02%EUR/USD 1.0840 +0.21%GBP/USD 1.2710 +0.14%USD/JPY 149.50 −0.18%BRENT $82.40 −0.81%BTC $67,800 −0.21%GOLD $2,341 +0.55%NASDAQ 16,420.55 +0.74%
A daily business newspaper · Founded in 2026

Money Talk

Finance and markets: business, quotes, gold, energy and releases.

Aurora Cannabis Slides as Strategic Pivot Triggers Revenue Forecast Cut

Shares of Aurora Cannabis tumbled 9.1% to $2.99 on Thursday, briefly touching a three-year low of $2.73, after the company signaled a forthcoming revenue contraction. The decline follows a strategic decision to abandon Canadian consumer operations in favor of expanding production capacity within the European Union.

The company plans to prioritize growth in Germany and Poland, leveraging its good manufacturing practice-certified facilities to chase higher margins. Management expects this geographic shift to improve profitability, yet the transition—compounded by April’s reductions in government-reimbursed pricing in Canada—will drive net revenue lower in fiscal 2027. Investors have responded sharply to the outlook, extending the stock's year-to-date losses to 30%.

Share article
TelegramXFacebook

When reusing this material a link to Money Talk is required.

Comments (0)

Leave a comment

No comments yet. Be the first!