قالب وردپرس درنا توس
Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Aurora Cannabis Shares Decline after BofA Declines Due to Expectations of Cash Crash

Aurora Cannabis Shares Decline after BofA Declines Due to Expectations of Cash Crash



Aurora Cannabis Inc.

BofA Merrill Lynch fell 2.3 percent in early trading on Thursday after BofA Merrill Lynch lowered its stock to neutral from the stock and lowered the price of its shares. the goal is $ 8 of $ 10, a concern about the burning of the company. "Aurora has become one of the best operators in the cannabis sector, with industry-leading margins and margins against even larger companies and global options," said analyst Christopher Carey in a customer note. "However, despite focusing on the profit (the CQ2 positive EBITDA target), it earns money, and according to our estimates it could be a negative cash amount from CQ120 (lack of funding), namely if a large convertible bond due in CQ1

20 , stay out of money. " Even if his current money burning improves, Aurora will probably need funding over the next few quarters, "said the analyst. The company has access to about $ 100 million in a credit line, but a convertible banknote that matures in the first quarter of 2020 will probably have to be paid in cash, he writes, and shares rose 47 percent in 2019, while the S & P 500

SPX, + 0.08%

acquired 19%.


Source link