11-09-2020 23:40 via finance.yahoo.com

Want to Lose $1.8 Billion? Invest in Aurora Cannabis Stock

On Tuesday, Aurora Cannabis (NYSE:ACB) announced a potentially massive 1.8 billion CAD ($1.37 billion) write-down for Q4. Simultaneously, the Canadian marijuana company announced it has chosen a new CEO, its Chief Commercial Officer Miguel Martin. The market reacted with shock, sending ACB stock down 12% before recovering.Source: Shutterstock But it's a trick that other companies have long used.When struggling companies need to offload past bad decisions, they throw the old CEO under the bus. He
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