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Cannabis Watch: Pot companies to reveal earnings less than a month after Canadian legalization

Four major Canada-based weed producers are set to report earnings next week, the biggest financial test for the companies since Canada legalized adult recreational use of cannabis on Oct. 17.

While legalization occurred after the quarter ended, there is plenty to learn from reports by Aurora Cannabis Inc. ACB, -3.57%ACB, -5.84% , Canopy Growth Corp. CGC, -7.80%WEED, -8.05% , Cronos Group Inc. CRON, -4.36%CRON, -3.67% and Tilray Inc. TLRY, -8.18% Pot producers were frantically trying to produce enough marijuana to satisfy demand in the third calendar quarter, so costs may have shot higher and hurt the bottom line, while forecasts for the current quarter and any commentary executives give could signal how sales have performed so far.

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