Investing in Aurora Cannabis? 6 Numbers You Need to Know
For years, there wasn't a hotter investment on Wall Street than cannabis stocks. Through the end of the first quarter of 2019, investors could do no wrong. The expectation of ongoing legalizations in the U.S., capacity expansion, new product launches, and acquisitions, proved more than enough to send pot stock valuations into the stratosphere.
The past 16 months haven't been as nice. Though last month was relatively kind to a dozen well-known weed stocks, a handful of popular marijuana stocks have been absolutely pummeled. Perhaps none more so than Aurora Cannabis (NYSE: ACB).
Aurora, the most-popular cannabis stock among millennial investors, has declined from a reverse-split-adjusted price of almost $120 a share in mid-March 2019 to less than $11 a share, as of Tuesday, Aug. 4, 2020.
Source Fool.com
