A Big Fund Bought Up Marijuana Stock Aurora Cannabis and Mastercard. [Yahoo! Finance News]
Aurora Cannabis Inc. - Common Shares (ACB)
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Source: Yahoo! Finance News
Text sizeAurora Cannabis chocolate, and other edibles.David Kawai/BloombergA large pension recently made big changes in its U.S.-traded investments.British Columbia Investment Management raised its investment in marijuana stockMastercardVisaShopifya form it filedBCI, as the pension is known, declined to comment on the investment changes. It manages$135 billion in assetsBCI bought 232,058 additional shares of Aurora Cannabis to end 2020 with 290,404 shares.Aurora Cannabis stock cratered 68% in 2020, but so far in 2021, it is up 50.2%. In contrast, theS&P 500 indexEarlier this month, three Democratic senators led by Majority Leader Chuck Schumer said they would make marijuana-reform legislation a key priority,sending the sector soaringmarijuana sector for tradingdisappointing resultsEditor's ChoiceThe pension also bought 73,385 additional shares of Mastercard to end the year with 566,125 shares of the card giant.Mastercard stock gained 19.5% in 2020, and has slipped 4.5% so far this yea
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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
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- 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