Is Aurora Cannabis Stock on the Verge of Collapse?
Aurora Cannabis (NYSE: ACB) is one of the most popular marijuana stocks in the market today. Yet one analyst is not a fan of the Canadian cannabis producer.
Earlier this week, GLJ Research analyst Gordon Johnson placed a sell rating on Aurora Cannabis' shares. Johnson also took the rare step of assigning a $0 target price for the stock. Essentially, he believes Aurora will fail and shareholders will lose the entirety of their investment.
"Our view that ACB's equity holds no value is driven by our work, which implies the company is facing a liquidity crunch that will, ultimately, risk its status as a going concern," Johnson said.
Source Fool.com
