Aurora Cannabis Inc (ACB)

[jp68]

ATM’s are completed pre R/S resulting in more than 300 mil cash on hand and a final O/S in the 109-135 mil range.

Post R/S Q on the 14th

109-135 mil O/S
Quarterly Operating costs est. under 55 mil
Full production mode with 2.0 sales for the entire Q
Over 500 staff cut prior to current Covid events about 2 months should reflect in this Q
Germany issues resolved should reflect in this Q
Streamlined processes should drop production CPG to below .85
Stores were fully functional through this Q
All projects halted should reflect for 2 months in this Q resulting in major savings for the Q

This is how the company should have been operating for a long time when it was obvious the extra grow operations were not needed for many years to come.

With all the understandable negatives about the company I think it will change it’s ways and that will be evident in the coming Q. I am not saying all issues will be resolved, not by a long shot but this Q will be a determining factor on wether the company dies, survives or thrives.

Let’s face it if the company turns a profit anytime soon things will be much different after the R/S and a low O/S.
Here’s to hoping everyone can make a profit short or long.

GLTA