Canadian pot stocks will be the subject of increased scrutiny this week with three of the biggest companies reporting their quarterly results this week.
Aurora Cannabis Inc. (ACB) - Get Report is up first, reporting its second-quarter results after the closing bell Monday. The Edmonton, Alberta-based company is expected to report a second quarter loss of 6 cents a share, swinging to a loss after reporting a profit of 20 cents a year ago.
Revenue, however, is expected to more than quadruple to $51.84 million from $11.7 million in the year-ago period. Aurora Cannabis shares closed down 5.5% on Monday.
Tilray Inc. (TLRY) - Get Report is scheduled to report its fourth-quarter results on Tuesday. Analysts expect the anaimo, British Columbia-based company to report a loss of 18 cents a share on revenue of $12.4 million.
Tilray's current structure is heavily weighted to dried cannabis products, which make up 79% of revenue, while cannabis extract products like CBD oil make up 19.3% of the company's business.
Tilray shares fell 4.8% Monday.
Canopy Growth Corp. (CGC) - Get Report is scheduled to report its third-quarter results on Thursday, with analysts expecting a loss of 13 cents a share, a year after the company surprised Wall Street by reporting a profit of 1 cent a share when analysts were looking for a loss of 4 cents.
Revenue is expected to jump to $63.9 million from $17.63 million the previous quarter. The company gets 100% of its revenue from medical marijuana sales.
Canopy Growth shares slipped 5.6% in Monday's trading.