Aurora Cannabis (NASDAQ: ACB) has perhaps been the most disappointing pot stock since Canada legalized adult recreational uses of marijuana back in 2018 -- and that's saying something. The company was initially seen as one of the frontrunners in the race to dominate this field, but things haven't turned out so well.

But could Aurora Cannabis be on the verge of making a comeback? The company recently announced some news that has the market buzzing, not to mention there are some interesting industrywide developments. With all that going on, let's find out whether investors should consider giving a second thought to the pot grower. 

On Sept. 8, Aurora Cannabis announced a move to reduce its debt and interest expense. The company said it had repurchased $9 million worth of convertible debt between mid-August and early September. Aurora Cannabis raised the money to do so by issuing 20.1 million new shares. This is part of the company's goal to become free-cash-flow-positive next year -- something that would be an achievement considering how poorly it has performed in recent years, both financially and on the stock market.

Continue reading

Source Fool.com