Aurora Cannabis: Questions Over Its Cash Balance [Seeking Alpha]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: Seeking Alpha
Aurora Cannabis: Questions Over Its Cash Balance Summary Aurora Cannabis can easily sell shares before running into a cash crunch despite a cash balance of only C$390 million back in March. Canadian cannabis industry sales remained weak in May. The company is quickly surging towards 1.1 billion shares outstanding. The FQ4 positive EBITDA target remains in doubt. With ACB Image Source: Aurora Cannabis website Cash Crunch The market has generally ignored any balance sheet concerns with cannabis companies due to sector companies easily raising funds to finance future expansion and ongoing operating losses. Some of the sales struggles in the sector has investors thinking twice about floating these companies more cash to front wild expansion. Anybody looking at the balance sheet will quickly understand why Bank of America's Chris Carey has questions FQ3'19 For a stock with a market valuation that reached $10 billion, the balance sheet is awfully bare. The company only had C$83 million in i
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News
- Aurora Cannabis: Recent Performance Improvements Are Undeniable [Seeking Alpha]Seeking Alpha
- Why Aurora Cannabis Stock Dropped 12% Today [Yahoo! Finance]Yahoo! Finance
- Aurora Cannabis Achieves Australia's TGA GMP Certification, Setting Global Standard for Quality and Compliance [Yahoo! Finance]Yahoo! Finance
- Aurora Cannabis Achieves Australia's TGA GMP Certification, Setting Global Standard for Quality and CompliancePR Newswire
- Global Medical Marijuana Market Competitive Analysis 2024, Featuring Aurora Cannabis., Cannabis Sativa, CanniMed Therapeutics, Pfizer, Tikun Olam, Tilray Brands, VIVO Cannabis and More [Yahoo! Finance]Yahoo! Finance
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