While the cannabis market enters 2020 with tons of promise, the year is turning into one of whether companies can operate within the current scope of the market. Aurora Cannabis (ACB) is no exception with the September quarter producing a C$40 million EBITDA loss and the near-term revenue boosts highly in doubt. In response, the company cut costs via restructuring and the CEO retired in order to generate a path towards EBITDA profits.With at least 1.2 billion shares outstanding, the stock has a market value of ~$1.84 billion. The guidance for quarterly revenues of only C$64 million isn’t going to …read more
Source:: Yahoo Finance
