ACB - Aurora Cannabis: 18 Months Of Disappointment
Source: Aurora Cannabis
Aurora Cannabis (ACB) was once one of the favorite stocks of cannabis investors and analysts. Unfortunately, their results over the past eighteen months have been disappointing. The Canadian recreational pot market has lagged once-great expectations. Aurora has lagged behind the market further.
Aurora spends too much money. The company is cutting jobs to cut costs, replaced their CEO, is selling even more shares at-the-market ("ATM"), and is using a reverse-split to ensure its stock can keep its major-market listings. These moves are a good start towards remedying a disastrous balance