Wall Street Just Upgraded This Popular Pot Stock, but You Should Avoid It Like the Plague [The Motley Fool]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: The Motley Fool
To say that marijuana stocks lost at least half of their value Why, you ask? Look no further than the growing pains that the cannabis industry is contending with. Canada has dealt with both supply shortages and bottlenecks, which is keeping legal-channel weed out of the hands of consumers, while a number of key U.S. states are struggling with the wide pricing gap between legal weed and black market pot created by high tax rates on legal cannabis. These struggles have been particularly apparent for shareholders of Aurora Cannabis ( NYSE:ACB Image source: Getty Images. Say what? A Wall Street firm actually upgraded Aurora Cannabis? Yet, according to one Wall Street firm, the short thesis on Aurora Cannabis isn't a recommended option at this point. Before the opening bell on Friday, Feb. , MKM Partners' covering analyst Bill Kirk channeled a bit of Valentine's Day spirit and upgraded Aurora Cannabis to neutral from sell. However, he also lowered his firm's price target on the company fro
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ACB
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