Source: Aurora Cannabis.
Summary
The market loved Aurora's (ACB) earnings on Friday morning. Shares soared 69% on Friday despite having already gained 14% the day earlier in the run-up to earnings. This recovery was deserved, largely because shares had been unjustly beaten down over the preceding week and month.
Aurora's earning report was very good, but the company's fundamental issues remain. The company beat analyst revenue estimates by 15% based on strong adult-use cannabis sales and with no one-time wholesale sales propping up revenue. However, their balance sheet and cash flow remain