Prediction: Aurora Cannabis Will Be Worth More Than Canopy Growth in 5 Years
Aurora Cannabis (NASDAQ: ACB) and Canopy Growth (NASDAQ: CGC) have been two of the more notable and recognizable cannabis companies within the industry during the past five years. But due to challenging market conditions, they have struggled, and their valuations have been falling, sharply.
Today, Aurora Cannabis has a market cap of around $380 million, while Canopy Growth is worth approximately $600 million. But five years from now, I expect that delta to shrink. Aurora Cannabis will not just catch up to Canopy Growth but will overtake it in valuation. Here's why that could happen.
In recent years, Aurora Cannabis hasn't been a safe company to invest in. But to the credit of CEO Miguel Martin and the company's management team, the cannabis producer has become leaner, its margins have been improving, and it is now even generating positive free cash flow.
Source Fool.com
