RE:RE:ACB CEO steps downLooks pretty ugly for aurora - estimates were for 75 mil.
The Company expects cannabis revenues for the second quarter of fiscal 2020 of $62 million to $66 million, net of excise taxes. Aurora expects to record provisions for returns, price reductions and future provisions of approximately $12 million, almost all of which relates to product sold in previous quarters. Therefore, net cannabis revenues, after giving effect to these offsets, are expected to be $50 million to $54 million. These revenue expectations reflect consistent quarter-over-quarter medical revenues, a decrease in international revenues due to short-term German supply interruptions, and much lower bulk sales. For the second quarter, Aurora expects to report modest quarter-over-quarter growth in consumer cannabis revenues prior to applying these offsetting return and price reduction allowances.
I think Bulk sales refers to wholesale (correct me if im wrong)
Modest growth in consumer rev - aka rec sales.
Fire seems to be well positioned to capture a significant portion of the rec market. - again - increased buying by provinces in the quarter.
Just another reason FIRE really pushed to go full CPG - develop a strong rec brand - and get consistent revenues. not relying on international sales or bulk sales in guidance.
nothing negative in there for from a supreme perspective.
still looking forward to a decent revenue beat from fire.