Here’s Why Cannabis Stocks Will Fall Even Further In 2020 [The Motley Fool]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: The Motley Fool
Here’s Why Cannabis Stocks Will Fall Even Further In 2020 Outside of a couple of good months to start the year, cannabis stocks have seen little bullishness since. Whether it's been scandals Aurora Cannabis ( NYSE:ACB Cash flow problems could put companies on the brink A lack of cash has been a big problem in the industry. Companies have been burning through lots of it in the name of growth as they build out their operations domestically and all over the world. Aurora has been no exception to that. In its most recent fiscal year, the company used up 9 million Canadian dollars in cash from its operations. That's up from CA$8 million the year before. And with cash flow and short term investments totaling just CA$ million, it's easy to see how it could be a problem for Aurora if things don't improve. Normally, that would be OK as the company could just issue shares to help account for any shortfall. And while it could still do that, the problem is that with its stock having fallen as muc
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ACB
News
- Aurora Cannabis: Improved Financials, Limited Opportunity [Seeking Alpha]Seeking Alpha
- Aurora Cannabis Inc. (ACB) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- Cannabis Beverages Global Strategic Business Report 2024: Market to Grow by $1.6 Billion by 2030 - Major Alcoholic Beverage Players Seek Role in the Market [Yahoo! Finance]Yahoo! Finance
- Green gold rush, Aurora Cannabis leads pot stock surge [BNN Bloomberg (Canada)]BNN Bloomberg
- CNN values your feedback [CNN]CNN
ACB
Analyst Actions
- 2/8/24 - CANACCORD
ACB
Sec Filings
- 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