Aurora (NYSE: ACB) Q2 2020 Results *LIVE* Conference Call скачать в хорошем качестве

Aurora (NYSE: ACB) Q2 2020 Results *LIVE* Conference Call

Aurora (NYSE: ACB) Q2 2020 Results LIVE Conference Call - RICH TV LIVE - FEBRUARY 13, 2020 - The cannabis company last week said it would take goodwill and asset-impairment charges with an expectation that losses would amount to about C$1 billion ($750 million). Those charges, however, weren't part of the company’s disclosure on Thursday. #AURORA #NEWS #RICHTVLIVE Aurora Cannabis last week also announced the dismissal of CEO Terry Booth as part of "sweeping changes" in a restructuring plan. On Thursday, the company reported net cannabis revenue, excluding provisions, of C$63.2 million, which matched internal guidance between C$62 million to C$66 million for the quarter. "As announced last week, being a profitable cannabis company for our investors is the singular near-term focus for Aurora and we have begun to implement a business transformation plan where we intend to manage the business with a high degree of fiscal discipline," said CEO Michael Singer in a statement Thursday. The company did say Thursday that the average net selling price for cannabis, including provisions, fell to C$5.54 per gram from C$5.68 per gram in the previous quarter. Aurora Cannabis produced 30,691 kilograms of cannabis in the quarter, in line with previous expectations, which the company said was the result of a realigned cultivation strategy designed to produce larger yields of higher value, higher potency strains. The company said that it was taking steps toward EBITDA profitability. The company announced that it was downsizing its credit facility by $96.5 million through the elimination of undrawn term loan capacity. "Despite delivering modest growth in our core medical and consumer business in Q2, we took immediate and deliberate actions to align our company to current market conditions," said Singer. Join The RICH TV LIVE CHANNEL MEMBERSHIP -    / @richtvlive   JOIN TRADING ACADEMY HERE - https://iM.Academy/corp/cjoin?enrolle... Subscribe -    / richtvlive   Visit - http://www.richtvlive.com/ a community for stocks, news, and trending topics. #richtvlive #stockmarket #money Popular Uploads - https://goo.gl/tbvXGg Most Recent Upload - https://goo.gl/unKXBy YouTube Channel Page - https://goo.gl/yUdG7w Subscribe - https://goo.gl/q2tLnn Rich TV Live Playlist - https://goo.gl/e116JF RICH TV LIVE TOP 10 STOCKS Playlist -    • TOP 10 STOCKS MONTHLY   Disclaimer RICH TV LIVE INC. company profiles and other investor relations materials, publications or presentations, including web content, are based on data obtained from sources we believe to be reliable but are not guaranteed as to accuracy and are not purported to be complete. As such, the information should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed in RICH TV LIVE reports company profiles or other investor relations materials and presentations are subject to change. RICH TV LIVE and its affiliates may buy and sell shares of securities or options of the issuers mentioned on this website at any time. Investing is inherently risky. RICH TV LIVE is not responsible for any gains or losses that result from the opinions expressed on this website, in its research reports, company profiles or in other investor relations materials or presentations that it publishes electronically or in print. Disclosure - https://www.richtvlive.com/feature-.html We strongly encourage all investors to conduct their own research before making any investment decision. For more information on stock market investing, visit the Securities and Exchange Commission ("SEC") at www.sec.gov/Canadian CSA https://www.securities-administrators....