3 Pot Stocks to Avoid Like the Plague in June [The Motley Fool]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: The Motley Fool
Forget about renewable energy. "Going green" withmarijuana stocksAccording to New Frontier Data, the U.S. pot industry should deliver average annual growth of % between 09 and 0, ultimately leading to sales of more than $ billion by mid-decade. Meanwhile, cannabis-focused analytics company BDSA foresees Canadian weed sales rocketing from $.6 billion in 00 to an estimated $6. billion by 06. The old adage as an investor is to follow the money, and it's most definitely going to pot stocks.Unfortunately, not all cannabis stocks will be winners. No matter how successful or fast-growing an industry is, there are always underperformers. As we move headlong into June, the following three pot stocks stand out for all the wrong reasons and should be avoided like the plague.Image source: Getty Images.Aurora CannabisFor more than a year, I've offered up my take on which marijuana stocks should be avoided on a monthly basis. I don't believe I've once failed to include Canadian pot stock(NASDAQ:ACB
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News
- 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
- Is Aurora Cannabis Set to Take Off After Soaring 39% in the Past Month? [Yahoo! Finance]Yahoo! Finance
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