Aurora Cannabis (ACB): Not All Reverse Splits Are Negative

  • The key to the reverse split is the stock has a market valuation below $1 billion before and after the split with the share price at $0.71 here.
  • Aurora Cannabis suggests FQ3 results were on plan for small sequential growth and the company remains on path to reach business transformation goals of reducing quarterly operating expenses to C$45 million.
  • analysis of 15 analyst ratings shows a consensus Hold rating, with one analyst suggesting Buy, 11 saying Hold and 3 recommending Sell.

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