![]() T420 is responsible for the T420 opinions provided in this disclosure except all sources or information provided by other parties were not verified or authenticated and T420 does not undertake to confirm or substantiate or be responsible for such information provided by other parties.Īny Content posted regarding a Profiled Issuer is not a solicitation or recommendation to buy, sell or hold securities. To learn more about Aurora Cannabis, please send an email to with the subject “Aurora Cannabis” to be added to our distribution list. Until this aspect of the story advances, we expect Aurora Cannabis to be rangebound and we will monitor price movements from here.Īt current levels, we remain cautiously optimistic with Aurora Cannabis and will continue to provide updates to our readers. The company already owns assets in the US and is positioned to capitalize on the market once legislation allows it to do so. Going forward, we expect the most significant potential catalyst for Aurora Cannabis will be entering the United States (US) market. ![]() The transactions will allow the company to recognize approximately US$12.9 million in annual cash interest savings. Over the last twelve months, Aurora Cannabis repurchased an aggregate of approximately US$235 million of its convertible senior notes and we are favorable on this. By repurchasing convertible notes, the company is executing on this strategy and we will monitor how the trend continues this year. $23 million of convertible notes to further reduce debt and interest expensesĪ key theme from Aurora Cannabis’ management team in 2022 was centered around achieving profitability. A few months earlier, the company repurchased approx.Following the completion of the repurchase, Aurora Cannabis will have approximately US$110 million of notes outstanding. In early December, Aurora Cannabis repurchased approximately US$76.1 million of its convertible senior notes for US$73.8 million.The transaction is part of the company’s transformation strategy Earlier this week, the Canadian LP sold its Polaris facility for approx.Today, we want to highlight three significant developments that were recently reported by the Canadian cannabis company: From focusing on strategic international cannabis markets to strengthening the balance sheet, the management team is executing on a strategy to become a profitable cannabis company. (Nasdaq: ACB) (TSX: ACB) and we are closely following the company after the stock fell more than 80% in 2021.Īlthough the size of the decline is eyepopping, we continue to have a cautiously optimistic outlook with the Canadian Licensed Producer (LP). Last year was a tough year for Aurora Cannabis Inc.
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