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2 Green Flags and 1 Red Flag for Aurora Cannabis

TheMotleyFool

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2 Green Flags and 1 Red Flag for Aurora Cannabis: https://g.foolcdn.com/editorial/images/720323/cannabis-person-in-green-house.jpg

Aurora Cannabis (NASDAQ: ACB) really, really needed some good news. Shares of the Canadian cannabis producer plunged 83% last year. And that decline came on top of a 35% drop in 2021 and a 68% plummet in 2020.

The company announced its fiscal 2023 second-quarter results on Thursday. Did Aurora get some of that sorely needed good news? Actually, yes. However, there was some more bad news, too. Here are two green flags and one red flag from the company's Q2 update.

Aurora's management said that the company would generate positive adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) in the fiscal second quarter. And it lived up to that promise.

Source Fool.com

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