Financial results from Aurora Cannabis Inc. (TSX:ACB) will be closely watched in the coming week along with other Canadian cannabis earnings
SmallCapPower | May 10, 2019: Here is a preview of upcoming Canadian cannabis earnings for the week of May 13 to May 17, 2019. Companies reporting this week include Supreme Cannabis, Tilray, and Aurora Cannabis.
*Share prices as at close May 9, 2019, data obtained from S&P Cap IQ
The Supreme Cannabis Company (TSX:FIRE) – $1.88
Cannabis
Supreme Cannabis will announce Q3/19 results after markets close on Monday, May 13. Supreme’s primary asset is its 7ACRES facility, which is a 40,000 sq. ft facility that produces 13,330 kg of cannabis annually. The Company announced that it is developing a 342,000 addition to the 7ACRES facility, which would ramp up production to 50,000 kgs annually. Investors are expecting an increase in the Company’s topline as a result. Analysts are expecting FIRE to bring in $11.4M in revenue for the quarter (seven estimates).
- Market Cap: $550.4 Million
- YTD Return: 26.2%
- Q1/19 Consensus Revenue Estimate: $11.4 Million
- Earnings Date: Monday, May 13, 2019, after markets close
Tilray Inc (NASDAQ:TLRY) – US$46.05
Cannabis
Tilray said it would announce Q1/19 results on Tuesday, May 14, after the market close. On December 19, 2018, Tilray announced a joint venture with AB InBev’s Canadian subsidiary, Labatt Canada, to produce non-alcoholic beverages containing THC and CBD. This follows an announcement on December 18, where Tilray announced a partnership with Sandoz AG to develop co-branded medical cannabis products. Analysts are estimating that Tilray should generate US$20.5M (seven estimates) in revenue for the first quarter of F2019. Analysts are looking to see a bump in revenues over Q4/18, as a result of Tilray’s acquisition of hemp food company Manitoba Harvest for C$419.0M, announced on February 20, 2019.
- Market Cap: $6,061.9 Million
- YTD Return: -34.2%
- Q1/19 Consensus Revenue Estimate: US$20.5 Million
- Earnings Date: Tuesday, May 14, 2019, after markets close
Aurora Cannabis Inc (TSX:ACB) – $11.58
Cannabis
Aurora Cannabis is a licensed distributor and producer of medical marijuana. The Company expects to have approximately 1.0M sq. ft of licensed cultivation space, with an anticipated yield of 270,000 kg of cannabis annually. The Company has signed supply agreements with 12 provinces and territories, making up over 98% of the Canadian population. Aurora acquired the remaining shares of Hempco Food & Fibre, which is expected to add to Aurora’s topline for the quarter. Investors are also looking for news of an expansion into the U.S. for the next quarter. Analyst are expecting revenues to come in at $67.5M (12 estimates) for the quarter.
- Market Cap: $11,425.1 Million
- YTD Return: 58.7%
- Q1/19 Consensus Revenue Estimate: $67.5 Million
- Earnings Date: Tuesday, May 14, 2019, after markets close
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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