On Thursday morning trade, Aurora stock slide by as much as 6% as Bank of America Merrill Lynch expressed concerns about the company’s cash burn and downgraded Aurora Cannabis (TSX:ACB) (NYSE:ACB) from buy to neutral.
Surprise DowngradeThe analyst Christopher Crey stated that although the company has emerged as one of the most efficient operators in the industry, it has continued to burn through cash far too quickly and hence, the company is in danger of becoming cash negative.
Christopher Crey stated that “[Aurora] is burning cash and by our estimates could be cash ...
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