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Aurora’s tough road ahead, Canopy’s new priorities, Trulieve’s Florida market share & Neptune’s US hemp product launch
The cannabis industry continues its march toward maturity – something reflected in how companies have responded to the latest round of earnings results from the industry.
Aurora Cannabis: EBITDA targets will be difficult to achieve
What Aurora has to do in terms of sales and expenses in order to produce that level of EBITDA will be tough given its current cost structure, consumers trending to value brands, the Canadian market’s excess inventory and continued production overcapacity of Canadian licensed producers.
New execs for Aurora and Curaleaf, Acreage announces debt financing & Trulieve takes a hit in Florida
Another busy week in cannabis, with more executive changes and new financings as the cannabis industry continues to deal with unfunded cash burn.
Aurora shifts to survival mode with CEO change, guide down on earnings and plan to attain positive EBITDA
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.
Aurora announces CEO Booth’s departure, layoffs and up to CA$1 billion in write-downs
Terry Booth has resigned as chief executive of Aurora Cannabis, the Canadian multinational marijuana company he helped build from the ground up over the past seven years.
