The Globe and Mail reports in its Monday edition that Aurora ($2.26) remains in a precarious cash position, analysts warn, even after a dramatic overhaul of the company's finances which included hundreds of layoffs and as much as $1-billion worth of writedowns. The Globe's Mark Rendell writes that the Edmonton marijuana grower said it is slashing costs in an attempt to become profitable by July. The company's plan, unveiled Thursday, includes keeping capital expenditures at less than $100-million in the next two quarters, and cutting quarterly selling, general and administrative (SG&A) costs by more than half. It cut 500 full-time equivalent positions, including a quarter of corporate positions, and replaced its chief executive officer. Analysts, however, questioned whether Aurora can bridge the gap to profitability without raising more money and further diluting its stock price. "Although we welcome the SG&A reset and steps to shore up the balance sheet, the initiatives could result in significant dilution -- an effect magnified by potential share price weakness in the context of industry headwinds," RBC analyst Douglas Miehm said in a note, in which he cut his 12-month price target to $2.50 from $3.