Is Aurora Cannabis About to Become a Micro-Cap?
About two years ago, Aurora Cannabis (NYSE: ACB) was considered one of the most promising marijuana companies. The pot grower was only second to Canopy Growth (NYSE: CGC) in terms of market cap at the time.
Things have changed quite a bit since 2018. Canopy Growth remains the largest pot company by market cap, but several of Aurora Cannabis's peers have surpassed it in this category, including the likes of Aphria (NASDAQ: APHA) and Cronos Group (NASDAQ: CRON).
As of Oct. 27, Aurora Cannabis's market cap stands at $517 million, which, at first glance, seems a good distance away from micro-cap status (i.e., companies with market caps between $50 million to $200 million). But after sliding by almost 90% in the past 12 months, it's not unreasonable to think that Aurora Cannabis could end up dropping below the micro-cap level within a year. Can the company stage a comeback before that happens?
Source Fool.com
