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
- Aurora Cannabis Closes Previously Announced Bought Deal Financing Over-Allotment Option Exercised in FullPR Newswire
- Aurora Cannabis Closes Previously Announced Bought Deal FinancingGlobeNewswire
- Aurora Cannabis: The 12,200% Gain Shareholders Didn't Ask For [The Motley Fool]The Motley Fool
- Why Marijuana Stocks Wilted Today [The Motley Fool]The Motley Fool
- Aurora Cannabis Inc. (<a href="https://www.marketbeat.com/stocks/NYSE/ACB/price-target/">NYSE: ACB</a>) had its price target raised by analysts at Cantor Fitzgerald from $12.00 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
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ACB
SEC Filings
- 1/26/21 - Form 6-K
- 1/26/21 - Form 6-K
- 1/26/21 - Form SUPPL
- ACB's page on the SEC website
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