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VFF - Aurora Cannabis: Extreme Downside Case Averted
Village Farms International Inc.
Aurora closed another equity raise, boosting its cash balance to over $600M, enough to fund its near-term cash burns.
The company is unlikely to generate positive cash flows because its revenue has been flat and SG&A remains too high.
For a stock with negative cash flows, no revenue growth, and dilution risks, the best strategy is to wait and see.
Should the company find ways to boost growth, the upside could be larger than other cannabis stocks; ACB is also a potent tool for speculating on cannabis legalization news given its high volatility.