Shares of Canadian cannabis company Aurora Cannabis (ACB) took another tumble on Monday. With its stock down 65% since the start of the year, and cash burn accelerating to an annualized pace of more than $600 million over the past year, patience seems to be draining out for investors.In a Form 6-K filing with the SEC, Aurora on Monday announced that after burning through much of the $400 million raised from “At-The-Market” (ATM) stock sales in 2019 (Aurora has about $205 million of that left), it is returning to the public markets with a new offering to sell stock and …read more
Source:: Yahoo Finance
