RE:From top to bottom, Aurora is a dumpster fire One always has to disseminate quality/content and journalistic intent, the excerpt (with link to article) below stating the obvious of why Aurora is in the shape it is. Management took a gamble at shareholders expense, grinding out share certs to acquire companies at colossal valuations, hoping the cannabis industry would continue to explode. White Knight? With the Balance Sheet in the shape it is, Aurora could well be on its own, shareholders bearing the outcome of a flawed organizational strategy.
"Unfortunately for investors, Aurora's poor sales growth is not the worst of the company's problems. Aurora has been spending cash as if there's no tomorrow. That prophecy may be self-fulfilling.
Over the past five quarters, Aurora has burned though C$932 million of free cash flow, with about two-fifths of that in operating cash burn and the remainder investing in cannabis facilities."
More at:
https://seekingalpha.com/article/4341730-aurora-cannabis-18-months-of-disappointment