Replies to post #117051 on Canopy Growth Corp (WEED)

[john1311]

What Aphria's and Organigram's Quarterly Updates Mean for Aurora Cannabis and Canopy Growth

There's good news and there's bad news.

All you had to do to know how the latest quarters went for Aphria (NYSE:APHA) and OrganiGram (NASDAQ:OGI) was to look at their share prices following their earnings announcements. Aphria stock fell on Tuesday after the company missed analysts' revenue estimates and lowered its full-year outlook. On the other hand, shares of OrganiGram skyrocketed after the company posted much better-than-expected revenue in its fiscal 2020 first-quarter results.

Were there any hints about how the Canadian cannabis industry's two biggest players, Aurora Cannabis (NYSE:ACB) and Canopy Growth (NYSE:CGC), could fare in 2020 in Aphria's and OrganiGram's quarterly updates? Actually, yes. There was both good news and bad news for Aurora and Canopy.

https://www.fool.com/investing/2020/01/19/what-aphrias-and-organigrams-quarterly-updates-mea.aspx