RE:Beware next week - Canopy's QI believe that Canopy has already hinted at doing what Aurora did last quarter by throwing in something like "unrealized non-cash gains on marketable securites" in order to make their net income look better than what it otherwise would be. With all of Aurora's strategic partnerships and investments, they managed to turn an operating loss into significant positive earnings for the last quarter.
Although Canopy could indeed drop if they stick to their historical pattern of missing on earnings, it's quite possible that some of the U.S. investors might take this opportunity to switch into Aurora if ACB is able to show substantially higher total sales revenues as compared to Canopy. Especially now that Aurora trades on the NYSE which will now make it much easier for both the American and global investors to make this switch.
GLTA
QuickThinker wrote: Canopy's Q results are next week and I think that due to poor numbers, Canopy is going to drag cannabis stocks down in general. Unfortunately, however Canopy moves, the other cannabis stocks move. It sucks. I love HEXO, Aphria, and Aurora, and Canopy drags them down among others. I'm selling most of my positions tomorrow in preparation for the quarterly next week. I will buy back in at the 7s and hold long. I got stuck with some Aurora in the 12s, so that will reduce my average. I saw PYX drop today 25% due to poor Q so no stock is immune.
I will focus on American stocks for now. TRUL is my favorite. Very strong numbers.
https://finance.yahoo.com/news/earnings-preview-canopy-growth-corporation-153003213.html