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-0.00214592274678107 -0.00214592274678107 -0.00418454935622314 0 -0.00214592274678107 -0.0183261802575107 -0.00643776824034321 -0.0139484978540771
Stock impact report

Aurora Cannabis: Medical Sales Boom Worldwide, Cash Flow to Swing Positive – Quarterly Update Report [Yahoo! Finance]

Aurora Cannabis Inc. - Common Shares (ACB) 
Company Research Source: Yahoo! Finance
Aurora Cannabis Inc. (NASDAQ: ACB) smoked another quarter, led by top-line growth, profitability, and disciplined capital allocation. And in fresh news, there's positive cash flow right around the corner. Take a hit off this: The top line increased 11%, driven primarily by strong medical cannabis performance linked to high demand from Germany, Poland, and Australia. Gross margin expanded significantly to 61%, led by the medical business, which continues to outperform the broader cannabis industry. Management expects a return to positive free cash flow in its fiscal third quarter, which ends in December. Additionally, ACB maintains a rock-solid balance sheet with C$142 million in cash, and no cannabis-related debt. To top it off, the re-certification of Aurora's EU-GMP and Leuna facility expansion has placed Aurora among a short list of cannabis companies, offering visibility for sustainable growth and margin improvement. Turning to valuation, ACB is trading at 0.9x forward sa Show less Read more
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