Why Aurora Cannabis Fell 13.2% in October
Shares of Aurora Cannabis (NYSE: ACB) fell 13.2% during the month of October, according to data from S&P Global Market Intelligence. The Canadian cannabis company has seen its stock decimated this year, as oversupply in the Canadian market, disappointing overseas sales, a rampant black market, and a balance sheet in need of repair have all conspired against it.
Even though the stock had already fallen by a huge amount this year, and did again after a disappointing September earnings report, the stock took yet another tumble in the month of October as the company said it would be selling more stock.
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Source Fool.com
