Aurora Cannabis Lists Greenhouse for Sale in Move That ‘Implies Massive Writedowns’: Analyst
MKM Partners analyst says he expects $2-billion worth of writedowns.
Aurora Cannabis Inc. appears to have listed its greenhouse in Exeter, Ontario, for sale for $17 million, a move that one analyst said “implies massive writedowns” are coming.
A listing on Cushman & Wakefield’s website advertises a 22-acre greenhouse with a 15,000-square-foot propagation area on Exeter’s Airport Line, the same location as a greenhouse Aurora obtained as part of its $3.2 billion acquisition of MedReleaf Corp. in 2018.
– Read the entire article at Financial Post.