Did Aurora Cannabis Just Check Off 1 Box Needed for Its Stock to Double?

Aurora Cannabis (NYSE: ACB) is a train wreck waiting to happen. That's the opinion of many investors. It's even the opinion of some analysts. But not all of them.

Cantor Fitzgerald's Pablo Zuanic stands out from the crowd of Aurora Cannabis skeptics. Even after Aurora's horrible 2019 performance and its mess-up with licensing in Germany that caused it to temporarily lose its medical cannabis license, Zuanic remained optimistic, saying in January that the cannabis producer could enjoy a "fantastic 2020" and that its stock could double over the next 12 months.

To be fair, though, Zuanic conditioned his rosy prediction of success for Aurora on two things happening. Lo and behold, Aurora just checked off one of the boxes that Zuanic thinks is a prerequisite for the stock to double.

Source Fool.com