© Reuters

By Christiana SciaudoneInvesting.com — Pot might be shedding its potency. U.S.-stated Aurora Hashish (NYSE:) tumbled 25% soon after reporting weak sales steerage. 
Cannabis net revenue for the to start with quarter of 2021 is anticipated to be between C$60 million and C$64 million, compared to C$67.56 million in the fourth quarter. In the fourth quarter a yr before, Aurora described hashish web revenue of C$94.6 million.
The business expects modified gross margin in advance of fair value changes on hashish internet revenue to be inside a range of 46% to 50% and SG&A costs in the low C$40 million range. 
Aurora claimed a 4.5% quarter-on-quarter decline in fourth quarter net revenue to C$72.11 million.     
Shares are down 79% in 2020. Rivals also fell on the information, with Canopy Advancement (NYSE:) down 10%, Aphria (NASDAQ:) reduced by 3% and Cronos decreasing by nearly 6%.
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