Cannabis & Hemp Stocks Investment Tools – Schedule Demo Now!

Marijuana Stock Alert: Is Aurora Cannabis Bouncing Back?

Aurora CannabisMarijuana Stock Alert: Is Aurora Cannabis Bouncing Back? (NYSE: ACB) cannabis stock shares shot up over 25% Thursday morning after the company announced its intent to acquire Reliva, a US-based CBD retailer. This monumental acquisition enables Aurora Cannabis to enter the US CBD market and diversify its product offerings. Is this Cannabis Industry Giant Bouncing Back? 

This is great news for the once “king” of the cannabis industry. As of last year, Robinhood, the popular online stock trading platform, announced that nearly 500,000 of its users owned the shares of Aurora Cannabis stock. Over the past twelve months, Aurora shares have tanked by an astounding 89% – attributed mostly to lack of profitability.

While the acquisition is great news, there’s still an abundance of concern with Aurora’s long-term financials. 

Is Aurora Cannabis Stock Bouncing Back?

Marijuana Stock Alert: Is Aurora Cannabis Bouncing Back?

Aurora Cannabis stock investors were certainly pleased with the recent fiscal Q3 earnings report as the results were better than anticipated. Yes, Aurora posted a net loss of CA$137.4 million. However, the company was able to do some serious damage control – having course-corrected from the unfathomable CA$1.3 billion net loss during fiscal Q2. Aurora also has a decent cash position for the short-term and an option to raise another CA$350 million in equity financing, if needed.

Should I Buy Aurora Cannabis Stock Now?

Sure, this quarter’s net loss is a substantial improvement but the company is still far from profitability. There are much better cannabis stock plays out there as other cannabis companies are currently crushing. At Cannin, we remain loyal fans of companies like Green Thumb Industries (OTC: GTBIF) as they continue to announce record revenues and much smaller net losses than Aurora. 

Aurora Cannabis Stock Recommendation

While Aurora Cannabis seems to be correcting the course – the company’s long-term profitability is still a huge question. They do have enough cash to cover short-term expenses but one slip could sink the Aurora ship. There are plenty of other cannabis and hemp stocks trading at deep discounts so we recommend not buying any shares in Aurora Cannabis anytime soon.

Marijuana Stock Alert: Is Aurora Cannabis Bouncing Back?

About Cannin: Your Marijuana Investment Experts

Marijuana Stock Alert: Is Aurora Cannabis Bouncing Back?Cannin is your trusted resource for information about marijuana and hemp stock investment opportunities. Our global team of experts evaluates all emerging marijuana and hemp stock investing opportunities. We aggregate hundreds of hours of research and provide tips on the best marijuana and hemp stock investments for 2020. We provide the latest marijuana investment and hemp investment news and analysis. 

Use Cannin as your resource for breaking cannabis and hemp investing news, featured cannabis and hemp company analysis, comprehensive cannabis and hemp stock reports, or get your free trial now and use our Smart Stock Algorithm to take the guesswork out of profiting from the cannabis industry. Is it too late to invest in Aurora Cannabis? Not necessarily.

Market analysts expect the marijuana and hemp industry will have an annual value exceeding $75 Billion in the next decade. The time to invest in marijuana and hemp stocks is now. Are you looking to buy stock in hemp companies or marijuana companies for 2020? Interested in emerging penny hemp stock companies? Looking for the best Canadian marijuana stocks to invest in? We can help.

Predict price movements of marijuana and hemp stocks several hours in advance with our proprietary algorithmic stock trading software.

Profit from the best marijuana stocks – we’ll show you how at