Marijuana Stocks Plunge Ahead Of This Pot Company's NYSE Debut [Investor's Business Daily]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: Investors Business Daily
Related news Marijuana stocks continued to plummet as Aurora Cannabis gets set for its New York Stock Exchange trading debut on Tuesday. X Marijuana stocks have been in a tailspin since recreational cannabis became legal in Canada last Wednesday. Despite strong demand, there have been reports of shortages. In addition, stocks have been under pressure amid a wider market sell-off. So the first day of trading for Canadian marijuana giant Aurora Cannabis, which will trade under the ticker ACB, may be a fraught one. Chief Corporate Officer Cam Battley told IBD in September he was looking forward "very much to a reduction in volatility in this sector." However, his hopes have been dashed. Canopy Growth ( CGC ), the first pure-play marijuana company to list on the NYSE, sank 11% on the stock market today and is now 29% off its high — and well below its 50-day line. It has now been selling off in high volume for the past five sessions. Cronos Group ( CRON ), the first pot stock
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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