Is Aurora Cannabis Stock a Buy?

Aurora Cannabis (NYSE: ACB) has struggled to grow its business, and its investors have grown accustomed to seeing red on its bottom line. The company has failed to post an operating profit or even achieve profitability on an adjusted EBITDA basis. Share issues, rather than cash-positive operating activities, have been key to ensuring there is enough money flowing into the business to keep the lights on. And that's been frustrating for investors, who continue to have their ownership diluted.

But there is hope that, after all the cost-cutting efforts and layoffs Aurora has been making over the past 12 months, its operations should be much leaner, meaner, and in better overall shape moving forward. And the company is coming off an improved quarter in which its bottom line showed signs of progress -- or did it? Let's take a closer look at how Aurora performed in its most recent quarter and whether investors should be more bullish on this troubled pot stock.

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Source Fool.com