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
- Monday’s Insider Report: President of this marijuana producer sells 8 million shares [Toronto Globe and Mail (Ontario, Canada)]Toronto Globe and Mail
- 3 Extremely Popular Stocks to Avoid Like the Plague in April [The Motley Fool]The Motley Fool
- Aurora Cannabis (ACB): A Real Lift or a Dead Cat Bounce? [Yahoo! Finance News]Yahoo! Finance News
- Aurora Cannabis: 2020 Catalysts - Global Expansion [Seeking Alpha]Seeking Alpha
- Top Cannabis Stocks Under $5 [The Motley Fool]The Motley Fool
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- 3/27/20 - Form 40-F/A
- 3/16/20 - Form 6-K
- 2/25/20 - Form 6-K/A
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