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Monday, 02/28/2022 7:12:48 PM

Monday, February 28, 2022 7:12:48 PM

Post# of 70355
A good article about why ACB is where it is.

Why Are Dark Clouds Still Looming Over This Pot Stock?
https://www.fool.com/investing/2022/02/26/why-are-dark-clouds-still-looming-over-this-pot-st/

Some notable quotes:

"It doesn't come as a surprise anymore when Canadian cannabis grower Aurora Cannabis reports disappointing quarterly results. The company has been on a roller-coaster ride for the last few years, failing to rebound. This year doesn't look any different. "

"Declining revenue has become a regular occurrence for Aurora Cannabis. In its recent second quarter (ended Dec. 31, 2021), Aurora's total net revenue declined 10% year over year to 60 million Canadian dollars."

"Aurora has missed achieving its positive target for earnings before interest, taxes, depreciation, and amortization multiple times by now, making investors skeptical."

"But this kind of heavy dilution doesn't sit well with investors, which is evident from its declining stock price. "

"But with it consistently missing its targets, it's hard to believe it will be EBITDA positive by next year. "

"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

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