Stifel: Aurora's (NYSE: ACB) 'Bad' Q4 Extends Beyond Headline Numbers

Aurora's (NYSE: ACB) shortfall in the quarter is evident due to a reported $20.1 million of bulk wholesale trim sales that are unlikely to repeat at the same level, Carter said in a Sunday downgrade note. The headline net cannabis revenue of CA$94.7 million suggests a net cannabis revenue base closer to CA$75 million versus Stifel's estimate of CA$92.5 million. The "lower quality" performance marks a reversal from the company's update in August, when it alluded to a strong in-market performance and a leadership position in Canada, the analyst said.  Read more: https://bit.ly/2kknjc0