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3 Things to Watch For Before You Buy Aurora Cannabis Stock [The Motley Fool]

Aurora Cannabis Inc. - Common Shares (ACB) 
Company Research Source: The Motley Fool
Aurora Cannabis(NYSE:ACBHorizons Marijuana Life Sciences Index ETFMarijuana sales have been rising in 00, particularly because of the coronavirus pandemic, which has amplified consumer demand. Aurora is seeing revenue growth this year, but it hasn't been enough to turn into a profit. The company has made strides to reduce expenses in order to achieve positive EBITDA (earnings before income, tax, depreciation, and amortization) by fiscal year 0. But to what extent those strategies have played out will be clear when it announces its fourth-quarter results on Sept. . Before you decide whether to buy this pot stock, watch out for these three updates in its reports.Image source: Getty Images.. Cost-reduction effortsTo regain investors' confidence, Aurora presented business transformation plans in June called "facility rationalizations" that were intended to help reduce costs. The company had decided to close five of its small-scale facilities over the next two quarters and consolidate a fe Show less Read more
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