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APHA - Aurora Cannabis: The Dilution Nightmare Lives On
Aphria Inc.
Aurora reported results for the quarter that ended Dec. 31, 2020, which showed flat revenue and continued cash burn.
Aurora almost doubled its share count in the last six months, which is an ominous sign for shareholders as relentless shares issuance continues under the ATM program.
We will remain negative on the stock until Aurora grows its revenue and reduces cash burn meaningfully.