ACB - Aurora Cannabis: 1 Step Forward Always Met With 1 Step Backwards

2024-06-20 15:59:27 ET

Summary

• Aurora Cannabis Inc. has somewhat successfully refocused on the higher margin medical cannabis market, improving financials.
• The Canadian cannabis company still burns far too much cash from operating activities.
• ACB stock still isn't appealing due to limited EBITDA profits and growth opportunities.

Aurora Cannabis Inc. ( ACB ) has successfully refocused the Canadian cannabis company on the medical cannabis market, improving the financials. The biggest issue is the reduced market opportunity and lack of large market prospects. My investment thesis remains Neutral on the cannabis company with limited EBITDA profits and growth opportunities, while the better financials offset the downside risk....

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