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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ACB
News
- Aurora Cannabis Inc (NYSE: ACB) was downgraded by analysts at Zacks Investment Research from a "buy" rating to a "hold" rating.MarketBeat
- Aurora Cannabis (ACB): Transformation on Track [Yahoo! Finance News]Yahoo! Finance News
- Medical vs. Recreational Cannabis: Which Is the Future? [The Motley Fool]The Motley Fool
- Experts See CBG as the Minor Cannabinoid With Major Potential for Medicinal UsesPR Newswire
- Aurora Cannabis Appoints International Consumer Packaged Goods Executive Miguel Martin as Chief Commercial OfficerPR Newswire
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ACB
SEC Filings
- 7/6/20 - Form 6-K
- 6/30/20 - Form 6-K
- 6/29/20 - Form 6-K
- ACB's page on the SEC website
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