Is Aurora Cannabis (ACB) Stock a Buy Right Now? This Is What You Need To Know
Posted On May 9, 2020
- The only way to reward shareholders is for Aurora Cannabis to report solid revenues while pulling down quarterly operating expenses.
- Back in early February, Aurora Cannabis announced plans to lower SG&A expenses to a quarterly range of C$40 million to C$45 million.
- The company only had C$205 million in cash to end the last quarter so controlling spending is paramount to not further dilute shareholders, especially when the market is so focused on the reverse split.
- The shareholder impact comes from a lowered stock price causing more dilution to shareholders when the company sells stock to fund ongoing cash burn.
Read full article: smarteranalyst.com