Aurora Cannabis (NYSE: ACB) didn't have to provide revenue guidance in August for its fiscal 2019 fourth quarter. It didn't have to project that revenue would come in between 100 million and 107 million in Canadian dollars. The company didn't have to set expectations in its Q3 conference call that it would deliver positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in the fourth quarter.
But Aurora indeed did make all of those predictions. And it failed to deliver on all counts.
The company's executives discussed why it fell short of its guidance on its fourth-quarter conference call Thursday morning. They also took an opportunity to throw shade on rival Canopy Growth (NYSE: CGC).