ACB - 1 Green Flag and 2 Red Flags for Aurora Cannabis Stock

2023-09-26 10:20:47 ET

Aurora Cannabis (NASDAQ: ACB) shareholders are thirsty for some good news. The company's shares are trading down around 88% over the last three years. That's not great for current shareholders, but investors on the sidelines might be looking for reasons to buy in hopes of a turnaround. Those reasons are few and far between at the moment as times are hard in the cannabis industry, and Aurora can't seem to catch a break.

Let's take a closer look at one of the new green flags worth knowing about with Aurora Cannabis as well as two relatively new red flags that could soon deepen the company's woes.

The bright spot in Aurora's latest earnings release on Aug. 10 was its quarterly revenue, which shot up by 48% year over year, hitting $56 million. This brought the company one step closer to revisiting the sales heights of its heyday in 2019.

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