Robinhood Investors Love This Marijuana Stock. Here's Why You Should Avoid It at All Costs [The Motley Fool]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: The Motley Fool
As of Friday, cannabis producerAurora Cannabis(NYSE:ACBThe stock's performance, however, has not reflected that popularity. A modest $0,000 investment made one year ago in Aurora Cannabis would at the end of last week have been worth just $,6 -- an 87% decline.By contrast, if an investor had put that $0,000 into an index fund tracking the 00 (and held on patiently through all the market's oscillations), their investment would have grown to $0,80.Let's explore why I think investors would be smart to avoid shares of Aurora Cannabis now.Image Source: Getty Images.Big cash burn, and not much cash to burnAs of the end of its fiscal third quarter on March , Aurora Cannabis had approximately $0 million Canadian dollars in cash and CA$ million in marketable securities. That's not a lot of liquidity considering it also has CA$9 million in long-term convertible debt and CA$6 million in long-term loans. Add in its CA$ million in short-term convertible debt and CA$ million in short-term loans, a
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ACB
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