The market doesn't appear to like the business updates from Aurora Cannabis (ACB), but the cannabis company continues to transform the business for long-term profitability. Considering not all of the updates were positive, the stock dropping to recent lows below $8 isn't surprising. My investment thesis remains more bullish on the cannabis stock now.
Image Source: Reliva website
Negative Business Updates
The biggest concern from the business updates was the financial targets pushed out, yet again. The company has disappointing revenue and EBITDA forecasts while suggesting cost cuts are on target and headed towards major