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Peltz's Departure From Aurora Sends Shockwaves Though Cannabis Stocks

Peltz's Departure From Aurora Sends Shockwaves Though Cannabis Stocks

佩爾茨離開奧羅拉在大麻股市引發衝擊波
Benzinga Real-time News ·  2020/09/30 01:02

Last week was a tough week for cannabis stocks as ETFs plummeted with disappointing earnings reports. The ETFMG Alternative Harvest ETF (NYSE:MJ), the AdvisorShares Pure Cannabis ETF (NYSE:YOLO),  The Cannabis ETF (NYSE:THCX), the Amplify Seymour Cannabis ETF (NYSE:CNBS) all lost around 6% on average. Even the SPDR S&P 500 ETF Trust (NYSE:SPY) was down 0.4%. The major disappointment was delivered by Aurora Cannabis Inc. (NYSE:ACB)'s beyond disappointing fourth-quarter earnings report.

上週對大麻類股來説是艱難的一週,ETF因令人失望的收益報告而暴跌。這個ETFMG另類收穫ETF紐約證券交易所代碼:MJ),AdvisorShares Pure Cannabis ETF紐約證券交易所代碼:尤羅), 大麻ETF紐約證券交易所代碼:THCX),放大西摩大麻ETF紐約證券交易所代碼:CNBS)平均損失約6%。即使是SPDR標準普爾500指數ETF信託基金紐約證券交易所代碼:標普500ETF)下跌0.4%。令人大失所望的是奧羅拉大麻公司。紐約證券交易所代碼:ACB)的第四季度收益報告令人失望。

What happened with Aurora?

奧羅拉怎麼了?

The Edmonton, Canada-based company reported a loss of $2.5 billion for the fiscal year. Total net revenue of $54.1 million dropped 5% from the previous quarter. More specifically, revenue for consumer cannabis in the recreational market dropped 9% to $26.7 million. Revenue for medical cannabis only increased 4% as net revenue was $24.2 million, helped by market growth in Canada and Europe. Continuing operations resulted in a loss of $1.40 billion. The shares plummeted following the results, already being down 91% over the past 12 months, reducing the company's market value to a fraction of its former size.

這家總部位於加拿大埃德蒙頓的公司報告本財年虧損25億美元。總淨營收為5410萬美元,較上一季度下降5%。更具體地説,娛樂市場上消費大麻的收入下降了9%,至2670萬美元。在加拿大和歐洲市場增長的推動下,醫用大麻的收入僅增長了4%,淨收入為2420萬美元。持續運營導致14億美元的虧損。業績公佈後,該公司股價暴跌,在過去12個月裏已經下跌了91%,使該公司的市值降至原來規模的一小部分。

Departure of Peltz

佩爾茨的離開

The past year has been a tough one for Aurora and it doesn't seem to be getting any easier as on Monday, the billionaire investor Nelson Peltz resigned as advisor. Aurora brought in Peltz after Canadian competitors Canopy Growth (NYSE:CGC) and Cronos Group (NASDAQ:CRON) locked up multibillion-dollar investments from global liquor giant Constellation Brands (NYSE:STZ) and Virginia-based Altria (NYSE:MO), hoping that he will strike a similar deal with his connections to major U.S. consumer goods firms like PepsiCo (NASDAQ:PEP) and Mondelez International (NASDAQ:MDLZ). Being a director of fast-food holding firm Wendy's Co. (NASDAQ:WEN) and Procter & Gamble (NYSE:PG), he seemed like the perfect person to help the company expand internationally. It was a good idea, but Aurora ended up losing more than $2.6 billion since Peltz joined last year as it failed to catch up to its competitors.

過去的一年對奧羅拉來説是艱難的一年,週一,億萬富翁投資人納爾遜·佩爾茨(Nelson Peltz)辭去了顧問一職,似乎並沒有變得輕鬆。奧羅拉在加拿大競爭對手之後引入了佩爾茨冠層生長紐約證券交易所代碼:CGC)和克羅諾斯集團(納斯達克:Cron)鎖定了全球白酒巨頭數十億美元的投資星座品牌紐約證券交易所代碼:STZ)和弗吉尼亞州奧馳亞紐約證券交易所代碼:),希望他與美國主要消費品公司的關係也能達成類似的協議,比如百事(納斯達克:佩普)和Mondelez國際(納斯達克:MDLZ)。擔任快餐控股公司董事温迪公司(Wendy‘s Co.)(納斯達克:温氏)和寶潔公司(Procter&Gamble)紐約證券交易所代碼:皮格),他似乎是幫助公司進行國際擴張的完美人選。這是個好主意,但奧羅拉自佩爾茨去年加入以來,由於未能趕上競爭對手,最終虧損超過26億美元。

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