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19.01.2020 15:31:00

What Aphria's and Organigram's Quarterly Updates Mean for Aurora Cannabis and Canopy Growth

All you had to do to know how the latest quarters went for Aphria (NYSE: APHA) and OrganiGram (NASDAQ: OGI) was to look at their share prices following their earnings announcements. Aphria stock fell on Tuesday after the company missed analysts' revenue estimates and lowered its full-year outlook. On the other hand, shares of OrganiGram skyrocketed after the company posted much better-than-expected revenue in its fiscal 2020 first-quarter results.Were there any hints about how the Canadian cannabis industry's two biggest players, Aurora Cannabis (NYSE: ACB) and Canopy Growth (NYSE: CGC), could fare in 2020 in Aphria's and OrganiGram's quarterly updates? Actually, yes. There was both good news and bad news for Aurora and Canopy.Image source: Getty Images.Continue reading
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