2 Hugely Disappointing Stocks That Turned $10,000 Into Less Than $100 in Just 5 Years [Yahoo! Finance]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: Yahoo! Finance
And in some cases, it can go horribly wrong. Two stocks that have been complete debacles for investors over the past five years are Aurora Cannabis (NASDAQ: ACB) and Canopy Growth (NASDAQ: CGC) . These Canadian cannabis stocks would have nearly wiped out all of your money in just five years. Here's how little you would have left from a $10,000 investment. Aurora Cannabis: $46 Aurora Cannabis has been an abysmal failure. But its global ambitions have always been large. Five years ago, the company issued a press release boasting that it had expanded into Portugal, which increased its footprint to 24 countries. Today, Aurora has scaled back and now says it is in 15 global cannabis markets. The company expanded too quickly and into too many markets. The problem with the cannabis industry has always been that businesses have been overly eager and optimistic about the growth opportunities, with earnings and cash flow being put on the back burner. Nowadays, however, it's the opposi
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ACB
News
- Aurora Cannabis (ACB) Moves 46.0% Higher: Will This Strength Last? [Yahoo! Finance]Yahoo! Finance
- Canadian cannabis stocks spike as U.S. reportedly set to reclassify marijuana [MoneySense]MoneySense
- MSOS: Best Play On U.S. Cannabis Regulations [Seeking Alpha]Seeking Alpha
- Aurora Improves Offerings in Australia with New Range of Premium Dried Flower Products [Yahoo! Finance]Yahoo! Finance
- Aurora Improves Offerings in Australia with New Range of Premium Dried Flower ProductsPR Newswire
ACB
Analyst Actions
- 2/8/24 - CANACCORD
ACB
Sec Filings
- 5/1/24 - Form 6-K
- 3/1/24 - Form 6-K
- 2/16/24 - Form 6-K
- ACB's page on the SEC website