RE:Did I miss any Good post. I don't see Liquor Stores in the list, but I think we've all lost count.
Any start-up business will tell you, the pace at which a company burns through cash is often one of the best indicators of how well management is doing early on. Spending money to ramp up capacity and gain market share early is important for all Canadian cannabis firms; however, doing so while limiting the amount of cash that needs to be spent is an important task for management.
Share issuances are often the direction companies choose to go. The impacts on existing shareholders (dilution) are ignored when the share price continues to rise.
Much of the dilution Aurora shareholders have experienced has gone under the radar due to stock price appreciation. On March 31st Q3 the o/s was 397M... a five-year growth rate of 2,487% or a compounded annual growth rate of more than 90% !
Now four months later were closer to 1 Billion o/s, unless you expect valuation multiples to continue beyond obscene toward fantasy the share price will continue to drop.
It’s just math.