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Aurora Cannabis: Problematic Profit Picture

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Aurora Cannabis still has a long road to reach profitability.
Without cutting costs, the company has to grow quarterly revenues by over $50 million while hitting 60% gross margins.
The departure of the Chief Corporate Officer is another red flag and could indicate a planned restructuring in the works.
Avoid the stock until Aurora Cannabis can improve the profit picture.
Over the last week, Aurora Cannabis (NYSE:ACB) has seen a couple of key persons flee the company. The lack of a catalyst from Cannabis 2.0 products has to question the profitability picture of the Canadian cannabis LP in 2020 and beyond reinforcing my negative investment thesis.
Read the full article on Seeking Alpha. 

Disclosure: No positions mentioned. Please review the disclaimer page for more details. 

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