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The Peter Thiel-backed pot stock Tilray surges - CNN Business Diaries


<h1 style="clear:both" id="content-section-0">The Ultimate Guide To Minnesota groups unite to oppose marijuana legalization<br></h1>
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<p class="p__0">Aurora has quite the unsightly quarterly bottom line streak going, and has handled to escape a nine-digit shortfall (in Canadian dollar terms) only as soon as in the past five quarters. ACB Internet Earnings (Quarterly) data by YCharts It does not help that the formerly free-spending company overpaid significantly for specific assets as it was attempting to scale up, and is now strained with numerous millions of dollars of goodwill on its books.</p>
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<p class="p__1">Rival, once a big investor hope following the big-ticket acquisition of Aphria that closed last May, also has a lengthening bottom line streak. has at least published one successful quarter over the previous year-plus, however that's really not much to compose house about-- especially if we look at the more consistent profitability of selected U.S.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://stocknews.com/wp-content/uploads/2021/07/shutterstock_354999077-scaled.jpg" alt="Pot Stock News - Latest Marijuana Stock &amp; Cannabis Stock News"><span style="display:none" itemprop="caption">Cannabis Stocks: Here's When The Next Big Wave Is Coming - The Fresh Toast</span>
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<h1 style="clear:both" id="content-section-1">Benzinga Cannabis, Hemp and Psychedelics News Things To Know Before You Get This<br><img width="420" src="https://i.ytimg.com/vi/Gh2bgggywCI/maxresdefault.jpg"><br></h1>
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<p class="p__2">A hazy future at finest It's informing that in its most current quarterly earnings report, Aurora led off by touting its "transformation plan." This is its continuous effort to trim expenses through steps like facility closures and worker layoffs. Its existing aim is to reach favorable adjusted profits prior to interest, taxes, depreciation, and amortization (EBITDA) by the very first half of 2023.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://static.seekingalpha.com/uploads/2021/2/2/53347401-16122482015840602_origin.png" alt="TLRY: Beware of These 3 Overvalued Cannabis Stocks"><span style="display:none" itemprop="caption">Green Means Go, U.SCannabis Industry Ready To Grow</span>
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<p class="p__3">First, if a company is leading off an earnings report by speaking about the obvious effectiveness of its cost-cutting effort, it probably has little else to cheer about. Second, positive adjusted EBITDA is a fairly low objective provided the routine internet success of a great lots of Canadian and U.S. publicly traded companies.</p>
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<h2 style="clear:both" id="content-section-2">Things about When Will US Pot Companies' Stocks Catch Fire Like Canada's?<br></h2>
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<p class="p__4">Yes, it's been trimming the adjusted EBITDA loss, but it was still deep in the red in 2021, at more than 114 million Canadian dollars ($90 million). On This Article Is More In-Depth , there's no factor to think that scores of rivals will either combine, or leave of the over-served Canadian market. Nor are the country's consumers likely to shift far from the lower-margin recreational products they appear to prefer.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://s.yimg.com/ny/api/res/1.2/Wf6rTWn91rVFL1vtDbGCkg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTQyNg--/https://s.yimg.com/uu/api/res/1.2/TxgGa5WL1Uzbpd92BT7EzQ--~B/aD0xNDEzO3c9MjEyMTthcHBpZD15dGFjaHlvbg--/http://media.zenfs.com/en-US/homerun/motleyfool.com/d6c521c1e623747f74e3f92660ff9b3d" alt="How Cannabis Performed in 2021 + One Stock for 2022 (CCHWF) - California News Times"><span style="display:none" itemprop="caption">7 Marijuana Stocks to Avoid Right Now - Stock Market News - US News</span>
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<p class="p__5">federal law that would allow pot imports, or an unexpected surge in medical cannabis legalization somewhere else abroad, are both pipeline dreams in the meantime. I don't understand if Aurora stock is always going to crash in 2022. But offered its existing, highly undesirable dynamics integrated with the state of the pot industry in The United States and Canada and abroad, I 'd put my money on it continuing to head south rather than wafting higher in rate.</p>
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Website: https://cannibusinessnews.com/global-cannabis-stock-index-declines-for-11th-consecutive-month-new-cannabis-ventures/