It wasn't immediately apparent why the price target was reduced. The sector has significant roadblocks, not least of which is the piecemeal legalization of recreational sale and use in the U.S., and the persistent competitive threat of black market products in both Aurora's native Canada and the U.S. Aurora, for one, saw improvements on a quarter-over-quarter basis in both revenue and its bottom line in Q3, although the company's overall performance wasn't impressive. Read More...
Why Aurora Cannabis Stock Got Smoked on Monday
It wasn’t immediately apparent why the price target was reduced. The sector has significant roadblocks, not least of which is the piecemeal legalization of recreational sale and use in the U.S., and the persistent competitive threat of black market products in both Aurora’s native Canada and the U.S. Aurora, for one, saw improvements on a quarter-over-quarter basis in both revenue and its bottom line in Q3, although the company’s overall performance wasn’t impressive.
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