ACB - 3 Reasons Aurora Cannabis Stock Is a Buy Right Now
2023-09-14 08:00:00 ET
Aurora Cannabis (NASDAQ: ACB) is one of the most popular stocks in the cannabis industry. Nonetheless, the company has struggled to achieve profitability and positive cash flow on a consistent basis since inception.
This was due to a slew of headwinds, such as fierce competition, regulatory uncertainty, and high excise taxes, among many other factors. In response to these hurricane-force headwinds, the pot titan's share price has plummeted by almost 99% over the past five years.
However, there are some encouraging signs that Aurora Cannabis may be turning a corner and becoming a more attractive investment opportunity. Roughly three years ago, the company implemented several strategic moves and cost-saving measures to improve its:
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3 Reasons Aurora Cannabis Stock Is a Buy Right Now