Peltz can solve biggest problem at Aurora Cannabis - Jefferies

|About: Aurora Cannabis Inc. (ACB)|By:, SA News Editor

Jefferies analyst Owen Bennett says strategic advisor Nelson Peltz, with his skills maximizing profits and efficient asset allocation, can solve the biggest problem at Aurora Cannabis (ACB +11%), achieving profitable growth.

Some investors have criticized the company for spending large amounts of money on a range of assets across its value chain with scant results to date.

In fiscal Q2, the company's gross margin contracted almost 23% to 54% due to higher production costs. Net loss was (C$238M).

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