Aurora Cannabis Inc

ACB: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 12.00	Njfbz	Jpg

Aurora: Ratings Unaffected by CFO Change or Share Consolidation, but We Are Reducing FVE on MedReleaf Deal

Kristoffer Inton

Feb 21, 2024

On Feb. 20, no-moat Aurora completed a previously announced 1-for-10 reverse split of its shares to keep its Nasdaq listing. This move has no effect on Aurora's intrinsic value, but this isn't the first time it was forced to consolidate shares, underlining the significant dilution risk. Separately, the company announced that Simona King would replace Glen Ibbott as chief financial officer, effective Feb. 21. The change seems sudden, although King's decades of experience in corporate finance seem adequate for the position. Still, it doesn't alter our Poor Capital Allocation Rating for Aurora.

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