3 Cannabis Stocks to Avoid Like the Plague in June [The Motley Fool]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: The Motley Fool
For years, marijuana stocks were viewed by investors as the greatest thing since sliced bread. With the legal pot industry generating $0.9 billion in worldwide sales in 08, and Wall Street suggesting that annual global sales could hit $0 billion to $00 billion by 00, investors figured they had a surefire winner on their hands.But over the past months,cannabis stocks have been an utter disasterThe good news is that there will be long-term winners in this industry. With tens of billions of dollars being sold in the black market each year, and new states/countries passing laws to legalize cannabis, it's only logical to expect consumers to steadily move their purchases to legal channels over time.The bad news, though, is that there are a lot of bad apples in the marijuana space. If you're looking to put your money to work in the pot industry, my suggestion would be to avoid the following three cannabis stocks like the plague in June.Image source: Getty Images.Aurora CannabisAlthough it w
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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