Two of the most prominent cannabis stocks, Aurora Cannabis (NYSE: ACB) and Canopy Growth (NYSE: CGC), both released their Q3 2019 results recently, but the two had very different results. Analyzed individually, Aurora’s quarterly earnings report would probably cause pessimism, while Canopy’s could cause some bullish predictions. The reality, experts say, is somewhere in the middle.
For Aurora, operational metrics were down for production, selling prices and even ancillary revenue. In stark contrast, Canopy reported an improvement in quarterly revenue by over 60%. Even though Canopy is still in the red and has some significant expenses, it is positioning itself as one of the stocks that are most likely to lead a turnaround in the pot stock sector in 2020.