Aurora Cannabis: Questions Over Its Cash Balance [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
- Posthaste: Green shoots are sprouting after downtown Toronto's crippling pandemic winter [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Aurora Cannabis Inc. (<a href="https://www.marketbeat.com/stocks/NYSE/ACB/price-target/">NYSE: ACB</a>) had its "underperform" rating re-affirmed by analysts at Atb Cap Markets.MarketBeat
- Optimi Health Strengthens Clinical and Regulatory Expertise [Canadian Business Journal (Canada)]Canadian Business Journal
- Optimi Health Strengthens Clinical and Regulatory Expertise [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Aurora Cannabis Announces Appointment of New Independent DirectorPR Newswire
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ACB
SEC Filings
- 7/26/21 - Form 6-K
- 7/15/21 - Form 6-K
- 6/1/21 - Form 6-K
- ACB's page on the SEC website
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