Investor Intelligence: Rapid Reactions

Time-sensitive analysis of major developments as they unfold.

Aurora shifts to survival mode with CEO change, guide down on earnings and plan to attain positive EBITDA

By Craig Behnke, Equity Research Analyst
and Michael Regan, , Equity Research Analyst

It was a day of big moves for Canadian cannabis giant Aurora. The company announced:
• A new CEO and the retirement of Terry Booth.
• An enormous current miss and guide down for next quarter.
• Several cost-cutting measures, including layoffs.
• And more.

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