Aurora Cannabis Inc (ACB): Why the "adjusted EBITDA positive" that...

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player1234

Re: None

Monday, 05/09/2022 9:58:08 AM

Monday, May 09, 2022 9:58:08 AM

Why the "adjusted EBITDA positive" that ACB management has been touting for years doesn't matter, (from Uber):

"We have made a ton of progress in terms of profitability, setting a target for $5 billion in Adjusted EBITDA in 2024, but the goalposts have changed. Now it’s about free cash flow."

Even they recognize that the fiction of the phony "adjusted EBITDA" has been unmasked. There is no definition of "adjusted" so companies can make up whatever they want.

Free cash flow? Not with ACB. They get all their cash by selling shares. When ACB boasts about their balance sheet cash, they forget to mention it is all from selling shares, not product.

"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