Are Marijuana Companies Reporting Fictitious Earnings?

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Are Marijuana Companies Reporting Fictitious Earnings?

Investors reading through the financial statements of the three leading marijuana producers — Canopy Growth Corp (TSX:WEED), Aphria Inc, (TSXV:APH), and Aurora Cannabis Inc. (TSXV:ACB) — are becoming worried about the prevalence of a one line item within the cost of sales titled “unrealized gain on changes in fair value of biological assets” (Canopy), “net effect of unrealized changes in fair value of biological assets” (Aphria) or “unrealized gain on changes in fair value of biological assets” (Aurora Cannabis).

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