Cannabis-based Alcoholic Beverages Market to See Major Growth by 2026 | Heineken, Corona, Lagunitas
htfmJuly 3, 2021 14
The Latest survey report on COVID-19 Outbreak-Global Cannabis-based Alcoholic Beverages Market sheds lights on changing dynamics in Food & Beverages Sector and elaborates market size and growth pattern of each of COVID-19 Outbreak- Cannabis-based Alcoholic Beverages segments. As the shift to value continues, the producers are tackling challenges to personalized nutrition and match taste profiles. A wide list of manufactuerers were considered in the survey; to include mix bag of leaders and emerging manufacturers for company profiling that includes Great North Distributors, Klosterbrauerei Weienohe, Dutch Windmill Spirits, Constellation Brands, Heineken, Corona, Lagunitas, SK Rodnik, Coalition Brewing, CERIA Beverages & Molson Coors Brewing Co..
EXCLUSIVE: Aurora Cannabis CEO Talks 2021 Plans, Focus On The Key Markets benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.
The embattled marijuana producer
Aurora Cannabis(TSX:ACB)(NYSE:ACB) is still undergoing a second wave of business transformation, but a key segment is still generating persistent yet serious problems for the firm, thereby weakening its stock price.
The truth is, recreational marijuana sales are still expected to be the major revenue growth driver for Canadian pot companies. When this segment’s sales stutter, it’s a huge concern for Aurora Cannabis stock valuation. Shares traded 7% lower on Friday as investors assessed the marijuana company’s latest quarterly earnings results for its fiscal third quarter 2021 which ended on March 31 of this year.
Aurora Cannabis Inc (NYSE:ACB) expects to deliver its Q3 earnings reports after today s close.
The report comes as fellow Canadian cannabis giants Cronos Group Inc (NASDAQ:CRON) and Aphria recently missed their expected quarterly projections.
Underperforming Figures Expected
Aurora expects to be the latest Canadian cannabis company to report a loss for the quarter.
Zacks Equity Research anticipates Aurora s bottom line losing 17 cents per share, suggesting a .1% revenue reduction from the same period the previous year.
Zacks lists several factors of consideration for Aurora, including:
Essential service status in Canada and Europe likely benefited Q3 performance
Low cost per unit production may have helped the company by creating a brand that spans multiple price tiers