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Pot Earnings, U.S. Bank Hearing to Set Tone: Cannabis Weekly

  • Aurora, Canopy report post-legalization results this week
  • Banking hearing positive, but ‘purgatory’ possible: analysts
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What Companies Stand to Benefit Most From Legal Weed in U.S.?
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Canada’s two biggest cannabis companies report earnings this week, giving us the first glimpse -- however murky -- of what recreational sales look like.

Aurora Cannabis Inc. reports fiscal 2018 earnings post-market on Monday and Canopy Growth Corp. reports Thursday after the close, followed by an analyst call on Friday. These earnings won’t tell us much about what normalized legal sales will look like, as there were plenty of headwinds in the final quarter of 2018 that will undoubtedly impact results.