Is Aurora Cannabis Stock a Buy?

Nothing seems to be going right for Aurora Cannabis (NYSE: ACB). Last year, the Canadian pot grower's shares plunged by 56.5%, and while the cannabis industry as a whole performed poorly, Aurora's performance was bad even by that less-than-flattering standard. More recently, Aurora Cannabis announced that its founder and CEO, Terry Booth, would be stepping down. The company also announced it was eliminating 500 employees -- including about 25% of its corporate positions -- in an attempt to cut costs.

Furthermore, Aurora's most recent financial results failed to reassure investors that the future is looking bright. The company's total net revenue of 56 million Canadian dollars represented a 26% sequential decrease, and Aurora recorded a net loss of more than CA$1.3 billion.

Amid all these troubles, Aurora's shares are worth a mere $1.66, but a cheap price tag doesn't necessarily make for a cheap stock. With that in mind, let's dig in a little deeper and find out whether Aurora Cannabis is a stock worth buying right now.

Source Fool.com