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HMLSF - Down 66% in 2020 Is Aurora Cannabis Now a Buy?
Horizons Marijuana Life Sciences Index ETF Cl A Unit
Most cannabis companies had a bright 2020 as marijuana sales soared amid the pandemic. Higher revenue growth, profits coming in, and lucrative expansion plans were combined with higher stock performance.
But Canada-based Aurora Cannabis (NYSE: ACB) has sunk 66% in 2020, compared with the 3.4% decline in the benchmark Horizons Marijuana Life Sciences Index ETF (OTC: HMLSF) . So what is this company not doing right?