ACB - Aurora Cannabis: Bull vs. Bear
2023-12-17 06:00:00 ET
Aurora Cannabis (NASDAQ: ACB) shareholders have been on a wild ride, and there just might be more in store. Over the last six months, the stock catapulted up more than 60%, only to crash and lose 18% for the period.
Now, the question is whether investors should expect another rocket flight, another crash, or something else altogether. Let's hear one argument from the bulls, and one from the bears, to hash out this issue.
After a years-long battle against its operational inefficiencies fought amid the collapse of the Canadian marijuana market, the bulls are right to argue that Aurora's worst times are almost certainly in the past. In its fiscal second quarter of 2024 ended Sept. 30, it reported positive operating income of around 2 million Canadian dollars ($1.5 million) after registering CA$63 million in sales. Before Q2, it last had positive operating income in 2016.
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Aurora Cannabis: Bull vs. Bear