ACB not expected to make money for next 3 years Bill Kirk, an analyst and executive director with MKM Partners, told investors in a Sept. 17 note that he feels Aurora has "limited prospects" to improve its position in the recreational cannabis market and is unlikely to beat profitability expectations.
He pointed out that in the 17 quarters Aurora has reported as a public company, it has missed consensus EBITDA expectations 17 times and he feels the firm will barely generate $50 million in revenue.
Cantor Fitzgerald analyst Pablo Zuanic felt similarly and said in a Sept. 16 note that his firm had cut its Aurora estimates and will not assume positive EBITDA for the company in its three-year projections.
Such concerns have long dogged Aurora, which spent much of the pandemic busy with a restructuring, layoffs and closures of several other facilities.