When (or if) the U.S. legalizes pot, cannabis companies will be ready to pounce.
The two largest pot companies in the world have developed secret formulas that predict when the U.S. will legalize cannabis sales, or at least officially allow states to sell marijuana.
Aurora disclosed the use of the secret formula for the first time Wednesday in its disappointing fourth-quarter earnings report, when it revealed a new method of valuing warrants it holds to buy back a stake in one-time subsidiary Australis. Using the formula added almost C$10 million to Aurora’s bottom line.
“We obviously report under [international financial reporting standards] and not U.S. [generally accepted accounting principals], so I think it’s part of the year-end audit with KPMG.” See also: Canopy Growth’s remaining CEO talks about pot company’s shake-up, and the search for his replacement
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Aurora Cannabis pushes back profitability target to fiscal 2020Canadian company Aurora Cannabis Inc pushed back its profitability timeline to f...
Read more »
Solid U.S. retail sales calm some worries about economyU.S. retail sales increased more than expected in August, pointing to solid cons...
Read more »
Lady Gaga and the Power of MakeupLadyGaga is our October AllureBestofBeauty cover star 💫 LadyGaga knows the awesome force that is makeup. Now with hauslabs, she's making her own and sharing her secrets with us earthly mortals:
Read more »
As trade war deepens, a state-owned insurer in China helps soften the blowAs the U.S.-China trade war intensifies, an insurance company run by the Chinese...
Read more »
As trade talks loom, Chinese firms look into buying U.S. farm goodsChinese companies have started to inquire about prices for U.S. agricultural goo...
Read more »