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Stock impact report

Aurora Cannabis Avoids Delisting Worries For Now [Seeking Alpha]

Aurora Cannabis Inc. - Common Shares (ACB) 
Company Research Source: Seeking Alpha
SummaryThe board approved a 1-for-12 reverse stock split on or around May 11th.Aurora Cannabis has $305 million on hand as of March 31st.The company must increase revenue numbers that have fallen for 2 straight quarters.Things look ugly but Aurora could be a top value if they weather the storm.Aurora Cannabis (NYSE:ACBapproved a 1 -for-12 reverse stock splitThe move helps Aurora avoid potential NYSE delisting in the future and provides improved liquidity for shareholders. The company may also raise funds with an ATM offering at current market prices to raise even more cash.That means Aurora can focus on increasing sales and focusing their business on key growth areas like vapes, edibles, medicinal marijuana and an upcoming surge in demand once theCanadian government lifts its 2 week Cannabis retail sales ban(Source: Fool.com)Will Aurora Cannabis Recover or Go out of Business?The NYSE announcement is great news but what will happen to Aurora Cannabis stock as the summer approaches in a Show less Read more
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