Why Cantor Fitzgerald Is No Longer An Aurora Cannabis Bull

Contrary to expectations, Aurora Cannabis Inc (NYSE: ACB) has used what was remaining of its $183-million equity facility over the last 30 days, according to Cantor Fitzgerald.

The Aurora Cannabis Analyst: Pablo Zuanic downgraded Aurora Cannabis from Overweight to Neutral and reduced the price target from CA$18 ($13.68) to CA$7 ($5.32).

The Aurora Cannabis Thesis: For Aurora, “a slew of bad news over the past few months” has exerted downward pressure on the stock, Zuanic said in a Tuesday downgrade note. 

Even after the stock derating, …

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