In recent years, Aurora Cannabis (NASDAQ: ACB) has been trying to slash expenses wherever it could to improve its cash flow and bottom line. This has included closing facilities, cutting staff, and ultimately reducing its position in the consumer cannabis market in Canada.

The efforts have been paying off, as the company has posted stronger results of late, including positive adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for four consecutive quarters. It even posted a narrow unadjusted profit in its most recent results. And next year the company is projecting it will generate positive free cash flow.

Now that the business is on more solid footing, here's a look at why the cannabis company could be looking at mergers and acquisitions (M&A) in the year ahead.

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Source Fool.com