Every time Irwin Simon buys a new company or brand, his barber gets upset.
âIâm very superstitious,â said Simon, chief executive officer of Tilray Inc. âDuring a deal, I never get a haircut.â
Depending on how the next few years go, the 63-year-old executive might have a hard time staying well-coiffed if deal activity in the fast-paced cannabis sector continues to heat up. Simon â who in previous roles sold everything from diet drinks to free-range organic chicken - now has one goal ahead of him: running the biggest pot company in the world.
And as he looks forward to capturing a bigger slice of the global cannabis pie, his business acumen, developed over decades in various marketing and management roles, will be put to the test as rivals in the U.S. are already generating oodles of cash in a market where the more established Canadian players remain on the outside looking in.
Analysts cast cold water following Aurora s disappointing Q3 results
Analysts didn t mince words when it came to Aurora Cannabis Inc. s latest quarterly results.
The Edmonton-based cannabis producer reported disappointing third-quarter resultsâ late Thursday, missing analyst expectations on both the top line and bottom line.
Aurora generated just $55.1 million in revenue â its lowest amount in six quarters â and short of the $68 million analyst expectation. It also posted an adjusted EBITDA loss of $24 million, wider than the expected $10 million loss.
MKM Partners Executive Director Bill Kirk â who maintains a sell rating and $6 price target on Aurora â said the company now is a shell of what it was supposed to become.