CAN
Click for more information
0.00% 2.9¢ cann group limited

If Aurora has significant oversupply - why would they buy any stock from CAN

  1. mattstambe
    755 Posts.
    lightbulb Created with Sketch. 186
    clock Created with Sketch.
    23/11/19
    09:17
    Post #: 41590790
    https://www.prnewswire.com/news-releases/aurora-cannabis-announces-first-quarter-2020-results--corporate-action-plan-300958856.html

    Look at the figures circled in red:
    https://hotcopper.com.au/data/attachments/1845/1845758-cfd277a1d114c39374924be5895f769d.jpg

    Aurora produced 41,436 Kg of Cannabis in the quarter just gone (up 30% from the previous quarter) but..

    Only sold 12,463 Kg of Cannabis in the quarter just gone (down 30% from the previous quarter).

    So is producing almost 30,000Kg unsold surplus every quarter!

    Would they still feel the need to buy Aussie CAN cannabis?

    CAN Price at posting: 73.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Warren Tredrea’s weekly sports business wrap: the latest on business in sport
right-arrow Created with Sketch.
IMR Imricor raises $35M to pursue growth and expansion into Australia and NZ
right-arrow Created with Sketch.
MCT Metalicity looking for offers on Admiral Bay zinc project
right-arrow Created with Sketch.
NRX Noronex joins forces with South32 to look for copper in Namibia
right-arrow Created with Sketch.
FG1 Flynn Gold flags mid-grade drill hits and always eye-catching rock chips
right-arrow Created with Sketch.
LKE Lake Resources implies news article on job cuts made up; non-core sales "not material" and no rule 15.7 breach
right-arrow Created with Sketch.
watchlist Created with Sketch. Add CAN (ASX) to my watchlist
(20min delay)
Last
2.9¢ 		Change
0.000(0.00%) 		Mkt cap ! $13.54M
Open High Low Value Volume
2.9¢ 2.9¢ 2.9¢ $123 4.237K

Buyers (Bids)

No. Vol. Price($)
3 64256 2.9¢
 

Sellers (Offers)

Price($) Vol. No.
3.0¢ 250261 4
View Market Depth
Last trade - 10.05am 23/07/2024 (20 minute delay) ?
CAN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.