Will Aurora Cannabis Recover in 2021?

When Canada legalized recreational marijuana on Oct. 17, 2018, investors flocked to the companies in the sector under the belief that an entire global market was about to open. That set off a bubble for many pot stocks -- one that deflated as reality set in that federal legalization in the U.S. was still a long way off.

One of the most widely held marijuana stocks has been Aurora Cannabis (NYSE: ACB). But in the years since the Canadian market opened, its share price has dropped by 93%. Given those relative lows, investors may wonder whether it's oversold and due for significant gains in the quarters ahead. A look at the underlying business offers some clues about the answer to that question.

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Source Fool.com