Comparing Aurora’s vs. Canopy’s
Per Financial Statements for period Oct 1-Dec 31, 2018 ACB CGC ( in
Item.................................................................ACB........................ CGC
Revenue from sale of goods..........................$59,411,000..............$97,703,000
Revenue from provision of services ...............$2,589,000 ...............None...
Gross revenue................................................$62,000,000............$97,703,000
Excise taxes ................................................($7,822,000)............ ($14,655,000)
Net revenue..................................................$54,178,000.............$83,048,000
Cost of sales.............................................. ($25,800,000)........... ($64,758,000)
Gross profit before fair value adjustments... $28,378,000..............$18,290,000
Changes in fair value of inventory sold ........($21,620,000)............($28,105,000)
Unrealized gain on changes.........................$25,384,000 ..............$22,267,000
in fair value of biological assets
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*Gross Profit..................................................$32,142,000.................$12,452,000
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Expense :
General and administration..........................($43,621,000)............... ($46,088,000)
Sales and marketing ...................................($22,741,000)................ ($44,895,000)
Acquisition costs .........................................($5,692,000)....................($4,520,000)
Research and development........................ ($1,811,000)................... ($5,264,000)
Depreciation and amortization 9, 12 ..........($19,263,000)................... ($5,015,000)
Share-based compensation 16 (a), 16(b).. ($19,204,000).................... ($63,911,000)
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Total G&A .................................................($112,332,000).................... ($169,693,000)
*Loss from operations ................................. ($80,190,000).................... ($157,241,000)
let me say a few things
1..this is just a small glimpse of three months of the two biggest Cannabis companies in the world
2.These numbers reflect operational numbers and do not include things like loses and gains from derivatives suck as
share loses
when you go through this consider that since these results were published no analist has done this comparison ..I ask why ?
when you go through this consider that even though CGC had considerable more earnings in this quarter ACB made 2.5 X more gross profit ....again I ask why
Lastly I know this is just a glimpse but I ask one last question ..should a company the is worth 20 billion dollars have 2.5 times less gross profit than a company that is worth 7 billion Dollars ..
and could the market be very wrong about the real value of CGC or maybe the real Value of ACB
These are the numbers all can be found in their financial statements please download and confirm them
just ask yourself ..WHY has no analyst seen this or are they not interested in the truth
is Cramer that dense that he cannot see it that he still pumps CGC ,
Or does everyone see it and wants to buy cheap Aurora shares before they show it to the public
glta
harry