Welcome to our Cannabis Earnings series where we break down the latest earnings to help you focus on the most important topics.
Introduction
Aurora Cannabis (ACB) reported fiscal 2020 Q3 results that showed progress on cost-cutting and stabilizing its cannabis revenue. While the company is doing everything it can to reduce cash outflow, it remains reliant on its at-the-market equity issuance program and recent share consolidation to maintain listing eligibility and liquidity. While this quarter shows stabilization, the company remains far from being profitable, and much more needs to be done to become