CA - Aurora Cannabis: Recent Performance Improvements Are Undeniable

2024-03-27 07:00:00 ET

Summary

• Aurora Cannabis shares have plummeted by over 95% in the past three years due to low demand and operational inefficiencies.
• The company's sales performance has declined, and its core medicinal marijuana market in Canada is not expected to experience significant growth.
• However, Aurora Cannabis has seen some positive developments, such as expanding into the German market and managing its debt load, which could potentially lead to future success.

Shares of Aurora Cannabis ( ACB ) are down by more than 95% since three years ago. The marijuana cultivator is a shadow of its former self. Many of its cultivation and retail facilities in Canada were shuttered over the past few years to match its output capacity to the anemic demand in its core markets, with its operations shifting to focusing solely on its most profitable segments in a bid to keep the lights on....

For further details see: