Replies to post #68706 on Aurora Cannabis Inc (ACB)

[jp68]

I copied this from their last Q report

"To further support this strategy, we have also focused on improving our cash burn, margins and overall financial flexibility. To that point, our year over year cash use has decreased by 74% to $70.5 million, our normalized margins remain solid particularly in medical, and our recently amended credit facility gives Aurora much improved optionality as opportunities arise. Combined with $565 million in cash on our balance sheet today, Aurora will continue to be a long-term player in the global cannabinoid market and increasingly positioned to deliver for shareholders over the long run."

They have 565 million is cash as of now and want to add another billion. They are going to buy something or it is a possible hostile takeover rebuff by diluting shares and increasing cash position imo