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Is Aurora Cannabis a Buy?

TheMotleyFool

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Aurora Cannabis (NASDAQ: ACB) has long been an underperforming marijuana stock. And year to date, it's off to another rocky start, down 15% in 2021 while the Horizons Marijuana Life Sciences ETF has risen 18%. But there is hope that the company could become more investable as it has been shedding costs and improving its bottom line.

There's definitely risk involved here, but investors have seen just how quickly the stock can rise on some bullishness; shares of Aurora skyrocketed to highs of nearly $19 in February amid the meme hype. Should contrarian investors consider picking up the stock before the company announces its year-end results in September?

Image source: Getty Images.

Source Fool.com

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