Tag: Aurora Cannabis


Aurora Cannabis’ $1.94 Billion Mistake Just Got Worse


Investing in the cannabis industry has been quite the adventure over the past couple of years. Through March 2019, buying almost any brand-name pot stock would have yielded a triple-digit or quadruple-digit gain for investors. But over the trailing 15 months, the vast majority of these gains have been wiped away, with most marijuana stocks losing anywhere from 50% to 90% of their value. While few pot stocks have been spared, the Canadian marijuana industry…


Aurora Cannabis is Laying Off Huge Swath of Workforce and Shutting Five Facilities


25% of administrative, sales and 30% of its production staff going. Aurora Cannabis on Tuesday announced a new round of staff reductions and plans to shut five facilities over the next two quarters, as the COVID-19 pandemic pummels the cash-crunched cannabis industry. For most marijuana companies in Canada, which legalized recreational cannabis in October 2018, profits have proven elusive due to fewer-than-expected retail stores, cheaper rates on the black market and slow overseas growth. -…


Aurora Cannabis: 3 Things That Must Happen for Investor Trust to Be Rebuilt


At one time, there wasn’t a hotter investment on Wall Street than marijuana stocks. Though there were a number of North American licensed producers that investors fancied, Alberta-based Aurora Cannabis (NYSE:ACB) was often the favorite. Aurora Cannabis appeared to have a pedigree that would make it a clear winner in the cannabis space. By the midpoint of 2019, it had 15 properties that, if fully operational, could yield in excess of 660,000 kilos of cannabis…


Aurora Cannabis Falls 60% in 2020, Might Get Delisted


Aurora Cannabis (NYSE:ACB) stock has fallen below $1 on the NYSE, which puts it at the risk of being delisted from the exchange. So far, the stock has fallen 60% YTD (year-to-date). One of investors’ favorite stocks is hitting rock bottom this year. Aurora Cannabis stock fell 12% on Wednesday and closed at $0.85. At 9:31 AM ET today, the stock has fallen 24.1% in pre-market trading. The stock didn’t even need coronavirus concerns to…