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Is Aurora Cannabis Stock a Buy?

TheMotleyFool

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Timing is of the essence when it comes to investing in shares of Aurora Cannabis (NYSE: ACB). If you had bought the stock a year ago, that investment would have led to a 63% loss. However, if you'd opened a position before five new state-level legalizations during the 2020 elections, your principal could be up nearly 90%.

At first glance, Aurora does not appear to be the type of cannabis company that is on the road to recovery. Over the past year, Aurora had to sell more of its stock to stay afloat. The result was a stunning 89% increase in shares outstanding to 183.7 million. Despite all this, I think the company may finally reverse its fortunes this year.

Image source: Getty Images.

Source Fool.com

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