Beyond The Numbers: The Case For Cronos [Seeking Alpha]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: Seeking Alpha
SummaryFundamentally, CRON stock looks like a sell, even as it flirts with multi-year lows.But the company's strategy is responsible for some of the revenue weakness relative to cannabis peers.That strategy admittedly hasn't worked out so far — but major shareholder Altria has some levers to pull.The combination of a big cash balance and industry hardships suggest there could be an opportunity; the question is when and at what price.On its face, Canadian cannabis play Cronos (The issue isn't just the absolute numbers in Q2, which admittedly saw some impact from the coronavirus pandemic. Even after a decline of over 75% from early 2019 highs, including a two-session 19% plunge after Thursday's Q2 release, CRON hardly looks cheap on a relative or absolute basis.Indeed, Cronos is far from profitable: adjusted operating loss in Q2 was$31 millionOTC:CGCOTC:APHABut it's important to remember that at least part of the relative fundamental weakness in CRON comes from the company's strategy. T
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- 2/8/24 - CANACCORD
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- 3/1/24 - Form 6-K
- 2/16/24 - Form 6-K
- 2/8/24 - Form 6-K
- ACB's page on the SEC website