Debra BorchardtJune 14, 2023
Aurora will not have positive free cash flow until the end of 2024.
Tag: Aurora Cannabis
Debra BorchardtJune 14, 2023
StaffMarch 27, 2023
The Daily Hit is a recap of the top financial news stories for March 27, 2023. On the Site Toys R Us Sues Unlicensed Dispensary in Brooklyn Last week a lawsuit was filed in a New York Federal court by Toys R Us, also known as Tru Kids, against an unlicensed cannabis dispensary that uses […]
Adam JacksonMarch 27, 2023
The stock has slumped to 68 cents since hitting $150 five years ago.
StaffMarch 20, 2023The Daily Hit is a recap of the top financial news stories for March 20, 2023. On the Site Aurora Seeks to Dilute Shares as Cannabis Capital Raises Remain Scarce Aurora Cannabis Inc. (Nasdaq: ACB) (TSX: ACB) asked Canadian regulators on Friday to approve a plan to $650 million worth of stocks, debt, and other […]
Adam JacksonMarch 20, 2023
Aurora has been trading at less than $1, which risks Nasdaq delisting.
StaffFebruary 9, 2023The Daily Hit is a recap of the top financial news stories for February 9, 2023. On the Site Canopy Slashes 800 From Payroll After Revenues Slide Canopy Growth Corp. (TSX: WEED) (Nasdaq: CGC) reported slumping revenues on Thursday and signaled a new cost-savings era that includes cutbacks on cultivation and 800 layoffs. The stock […]
Adam JacksonFebruary 9, 2023
The Canadian giant achieved positive EBITDA during the latest quarter.
StaffJanuary 4, 2023The Daily Hit is a recap of cannabis business news for Jan. 4, 2023. ON THE SITE Aurora Cannabis Sells Polaris Greenhouse, Struggles with Cash Burn Aurora Cannabis Inc. (Nasdaq: ACB) (TSX: ACB) closed the sale of its Aurora Polaris facility for approximately $15 million. The company has been trimming its expenses over the past […]
Adam JacksonJanuary 4, 2023
The company has been restructuring North America operations as it looks overseas for growth.
Debra BorchardtNovember 28, 2022
Cantor Fitzgerald analyst Pablo Zuanic wrote an upbeat research report on the major cannabis companies despite the somewhat depressing tone in the industry. Zuanic said he hosted 17 company meetings at MJBiz last week and the overall mood was positive. Despite the sunny optimism, the analyst opted to leave ratings, estimates, and price targets unchanged. […]
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