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Aurora Cannabis says it is laying off 1 2 per cent of its workforce as the company embarks on a reorganization. The Edmonton - based

Aurora Cannabis says it is laying off 12 per cent of its workforce as the company embarks on a reorganization. The Edmonton-based cannabis company confirmed the cut in an email to The Canadian Press, but did not share how many workers would be impacted, what roles they were in or where they were located. Spokesperson Kate Hillyar says the reorganization will allow Aurora to operate as a leaner, more agile and future-focused company it feels will be fit for success. She says the cuts are part of an additional $70 million to $90 million in cost savings Aurora identified in its third-quarter earnings as key to its path to profitability. Several cannabis companies, including Aurora, have been overhauling their operations to better align supply with demand in hopes of becoming profitable in the next few years. Earlier this year, Aurora announced it will close three facilities, including one in Edmonton, where 13 per cent of its global workforce was employed. In May 2022, the company announced plans to close several other facilities including the Sky facility and two in British Columbia and cope with pricing pressures that ate into revenues already hampered by the COVID-19 pandemic. At the time, the third-quarter loss the business reported was up from a more than $160 million loss in the same quarter last year and was coupled with $741.7 million in goodwill impairment charges and $176.1 million in impairment related to property, plants and equipment. The company said its current balance sheet remains in a net cash position, with about $320 million of cash and cash equivalents including about $63 million of restricted cash. Aurora also reiterated its expectation of achieving profitability based on adjusted earnings before interest, taxes, depreciation and amortization for the quarter ended Dec. 31,2022.
Required
Indicate among the options below which of these investors will buy or not buy Aurora Cannabis shares based on the arguments presented. Choose the most probable answer.
Question 5 options:
Peter Lynch will not buy because it is faddish, because the firm does not possess sustainable competitive advantage, and because the firm is in a defensive industry
Howard Stanley will buy this stock because buying it requires second level thinking which is based on deep complex and extensive thinking. In addition Howard will buy because the risk involved is not a permanent capital loss and will require a contrarian investment mindset.
Warren Buffett will not buy this stock because it is not a true value stock, it does not possess a high profit margin, and because the management is not candid. No one knows when the price will bounce back looking at the broader market restriction placed on cannabis consumption globally
None of the other option is trueu

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