Aurora Cannabis (NASDAQ:ACB) has slipped below Nasdaq’s US$1 minimum listing requirement after nearly two years of its commons declining. The switch from euphoria to dread has come at a high cost for the company, which has seen its market cap fall to US$300 million as cumulative losses get aggregated with a recreational cannabis market in Canada, where illicit sales account for around 40% of total spending. This has meant the creation of two separate regimes. The regulated and highly taxed regime where Edmonton, Alberta-based Aurora operates. The second regime is the buoyant black market, which still accounts for C$4 in every C$10 spent on cannabis in
Source: All Articles on Seeking Alpha