Replies to post #68930 on Aurora Cannabis Inc (ACB)

[FUNMAN]

Old habits--->>> Aurora Cannabis files $300 million at-the-money offering

May 20, 2021 3:53 PM ET
Aurora Cannabis Inc. (ACB)
By: Manshi Mamtora,

Aurora Cannabis (ACB +1.7%) establishes a new at-the-market equity program that allows the company to issue and sell up to $300M of common shares in the capital of the company.

This filing will provide maximum flexibility for the company to pursue select acquisitions going forward.

Its current cash position remains strong at ~$525M as of May 13, 2021.

Given such strength, it is not expected to access the ATM Program without an accretive use of proceeds. --->>> If this was a normal company I would agree, but ACB still needs cash to keep the lights on. ACB's revenues keep dropping and their market share is declining. The ultimate arbiters of which cannabis companies will win are the consumers. - FUNMAN