Should You Avoid Pot Stocks Altogether During the Coronavirus Bear Market? [The Motley Fool]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: The Motley Fool
Last year was a challenging year for most cannabis companies, with shareholders becoming fed up with the continued losses that many industry giants were reporting. While some held out hope that 00 would mark a turnaround for the sector, this COVID-9 bear market is the last thing the industry needed. During the past month alone, many prominent pot stocks have reported major losses. Aurora Cannabis ( NYSE:ACB Canopy Growth NYSE:CGC Dow Jones Industrial Average If COVID-9 continues to spread -- which it seems like it will -- should investors get out of the Image source: Getty Images. A lack of profitability Profitability is something that pot stocks have historically struggled with. While investors were willing to overlook quarterly losses while growth prospects seemed promising, companies can only postpone making a profit for so long before alarm bells start going off. If these companies struggled to make a profit when times were good, what's their financial position going to be like du
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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