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Stock impact report

Aurora Cannabis: A Trio of Writedowns Likely Awaits [The Motley Fool]

Aurora Cannabis Inc. - Common Shares (ACB) 
Company Research Source: The Motley Fool
The past -plus months have not been kind to marijuana stock investors. Following many years of outperformance and a first quarter (of 09) that saw more than a dozen popularpot stocksThis weakness can be blamed on exorbitant tax rates in the U.S. that have made it difficult for licensed producers to compete with illicit growers, and regulatory issues in Canada that have challenged the rollout of dried cannabis and derivative products.Image source: Getty Images.Aurora Cannabis is the marijuana industry's biggest disappointmentBut there's not a marijuana stock that's been more disappointing thanNYSE:ACBmost-held stockUnfortunately, Aurora Cannabishas been a veritable dumpster fireMonopolyinitiation of a $0 million at-the-market share offeringThe culmination of Aurora's struggles was the announcement last week that it'll beenacting a -for- reverse stock splitYet, getting its share price back above $ doesn't make Aurora's many problems disappear. On the contrary, with delisting now out of Show less Read more
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