Could Aurora Cannabis Be a Millionaire-Maker Stock?

Some investors still believe that Canada-based Aurora Cannabis (NYSE: ACB) can make a comeback. Its cost-cutting efforts under a new CEO, Miguel Martin, who took the reins in September, haven't gone unnoticed. The hope is that these measures, along with a pandemic-induced boom in cannabis demand, could help Aurora achieve profitability soon. But there are other challenges involved, such as handling expenses, procuring capital, and launching new products to drive revenue growth.

Aurora performed dreadfully throughout the calendar year 2020. But its results in its recent fiscal 2021 second quarter, which ended Dec. 31, appeared to improve a little. Has that put Aurora back in safe waters? The company has made investors millionaires in the past, but does it still have the potential to do that again? Let's take a look at its progress so far this year, and determine if that is possible.

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Source Fool.com