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Aurora Cannabis Inc T.ACB

Alternate Symbol(s):  ACB | T.ACB.WS.U

Aurora Cannabis Inc. is a Canada-based medical cannabis company. The Company's principal business lines are focused on the production, distribution, and sale of cannabis related products in Canada and internationally. The Company’s segments include Canadian Cannabis, European Cannabis and Plant Propagation. The Company's adult-use brand portfolio includes Aurora Drift, San Rafael '71, Daily Special, Whistler, Being and Greybeard, as well as CBD brands, Reliva and KG7. Its medical cannabis brands include MedReleaf, CanniMed, Aurora and Whistler Medical Marijuana Co, as well as international brands, Pedanios, Bidiol and CraftPlant. Its cannabis products are primarily cultivated and manufactured in the facilities in Edmonton, Alberta; Bradford Ontario; Pemberton, British Columbia, and Odense, Denmark. The Company is focused on offering its cannabis products to global medical cannabis market, recreational cannabis market and global hemp-derived cannabidiol (CBD) markets.


TSX:ACB - Post by User

Post by RichyRich$on Sep 23, 2020 12:08am
179 Views
Post# 31602225

The Write-Downs Were Already Known Before Q4 Report

The Write-Downs Were Already Known Before Q4 ReportRemember they reported the expected write-down for this quarter on Sep. 8. The $3.3B is just adding the write-downs from the previous quarter reports of the fiscal year. The drop in share price already reflected it. While the EBITDA improved by 25% over last quarter, and that trend shows it's true they will be EBITDA positive in early 2021. Mores Cannabis stores are popping up and overseas global sales will increase. The Price to Book P/B is still only .48 even after this fiscal year $3.3B write-down. Aphria is at P/B of .85. And Aphria most likely needs to do a write-down. Aurora is more attractive than Aphria based on the P/B ratio.
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