Is Aurora Cannabis (ACB) Stock a Buy Right Now? This Is What You Need To Know

  • 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.

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