Aurora Cannabis Inc (ACB): "Much excitement coming due to the expec...

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player1234

Re: dcsteve post# 54564

Friday, 09/06/2019 6:56:32 PM

Friday, September 06, 2019 6:56:32 PM

"Much excitement coming due to the expected EBITDA positive earnings next week."

Anyone who is excited about that will be disappointed. The company, in their pre-release said,"The Company continues to track toward positive adjusted EBITDA, and in particular adjusted EBITDA from cannabis operations."

So they have backed-off their previous claims of positive EBITDA for the quarter. They will be "tracking toward" positive "adjusted" EBITDA.

EBITDA is a well-defined metric. "Adjusted EBITDA" is not. The company even put an entire paragraph into the Q4 update PR to explain their new "adjusted EBITDA" that they will be tracking toward. Hopefully expectations are set at making progress towards the goal.

"Sometimes people don't want to hear the truth because they don't want their illusions destroyed." - Friedrich Nietzsche
"None so deaf as those that will not hear. None so blind as those that will not see." - Matthew Henry