10 Reasons Aurora Cannabis Could Fall Below $4 [The Motley Fool]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: The Motley Fool
10 Reasons Aurora Cannabis Could Fall Below $4 Six months ago, cannabis kingpin Aurora Cannabis ( NYSE:ACB Canopy Growth Everything was seemingly going Aurora's way. The company was (and still is) primed to lead Canada in peak annual production, and it had just announced the hiring of billionaire activist investor Nelson Peltz Image source: Getty Images. However, looks can be deceiving. Through Wednesday, Sept. 8, Aurora's share price had lost nearly 0% from its $9.9 closing high on March 9, and was off closer to 0% when compared to the company's -week intraday high. At just $.7 per share (in the U.S.), Aurora might look like an incredible bargain. Yet, there's the very real possibility its share price could continue to fall, pushing its valuation down to perhaps $ billion, or less. Here are 0 valid reasons Aurora Cannabis might see a sub-$ share price in the not-so-distant future. . Supply issues beyond its control To begin with, Aurora's fiscal fourth-quarter report points out that
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ACB
News
- Aurora Cannabis Inc. (ACB) Suffers a Larger Drop Than the General Market: Key Insights [Yahoo! Finance]Yahoo! Finance
- Cannabis Beverages Global Strategic Business Report 2024: Market to Grow by $1.6 Billion by 2030 - Major Alcoholic Beverage Players Seek Role in the Market [Yahoo! Finance]Yahoo! Finance
- Green gold rush, Aurora Cannabis leads pot stock surge [BNN Bloomberg (Canada)]BNN Bloomberg
- CNN values your feedback [CNN]CNN
- ACB, BRNS and EDUC among mid-day movers [Seeking Alpha]Seeking Alpha
ACB
Analyst Actions
- 2/8/24 - CANACCORD
ACB
Sec Filings
- 3/1/24 - Form 6-K
- 2/16/24 - Form 6-K
- 2/8/24 - Form 6-K
- ACB's page on the SEC website