Coronavirus Market Crash: 2 Cannabis Stocks to Avoid [The Motley Fool]
HEXO Corp. - Common Shares (HEXO)
Company Research
Source: The Motley Fool
As a result of the recent market correction, many stocks are much cheaper than they were just a few months ago. However, just because a stock is cheap doesn't necessarily mean it's a buy. While now may be an opportune time to buy shares of great businesses with solid prospects, there are many stocks investors should avoid no matter how cheap they seem to be. In particular, here are two cannabis companies I think investors had better stay away from:Aurora Cannabis(NYSE:ACBHexoNYSE:HEXOLast year, shares of Aurora Cannabis plunged by 6.%; that was even worse than the industry benchmark, theHorizons Marijuana Life Sciences Index ETF(OTC: HMLSF)Image Source: Getty Images.First, the company continues to record poor financial performance. Aurora's latest earnings report -- which was for the second quarter of its fiscal year 00 --was nothing short of a dumpster firethe first quarterSecond, there's Aurora's ugly balance sheet. In particular, the company has an abnormal amount of goodwill (inta
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