Aurora Cannabis: Problematic Profit Picture
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.