3 Pot Stocks to Avoid Like the Plague in August [The Motley Fool]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: The Motley Fool
Cannabis is likely to be one of the fastest-growing industries of the decade. According to New Frontier Data, legal weed sales in the U.S. are expected to grow by an annual average of %, ultimately hitting north of $ billion by mid-decade. Meanwhile, the Canadian pot market is expected to see sales vault from $.6 billion in 00 to $6. billion by 06, per BDSA.While this sales growth will undoubtedly make some cannabis investors rich, we also know that not everymarijuana stockImage source: Getty Images.Aurora Cannabis(NASDAQ:ACBmost-held stockRobinhoodEven though cannabis is treated as a traditional consumer good (i.e., demand is pretty steady, no matter how well or poorly the U.S. economy is performing), and Canadian weed revenue has been climbing, Aurora Cannabis' fiscal third-quarter operating results were abysmal. Net cannabis sales plunge % from the prior-year period, with recreational weed revenue declining %. While the coronavirus pandemic took much of the blame, it's tough to swe
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ACB
News
- Aurora Cannabis: Improved Financials, Limited Opportunity [Seeking Alpha]Seeking Alpha
- 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
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