NXTTF - Aurora Cannabis: A Gluttony That Will End In Dread
Saint Thomas Aquinas, the great medieval philosopher, described gluttony not as any desire for eating and drinking, but an inordinate desire. This desire is said to be inordinate through "leaving the order of reason".
Acquisitions play a fundamental role within the corporate ecosystem. They act as tools to expand revenue, profitability, competitive moats, or geographical reach. A shrewd acquisition will perhaps see the acquirer gain market share while lowering the cost base of the combined entity through synergies.
Aurora's (ACB) acquisitions when looked through an objective lens are nothing short of gluttonous,