ACB - Why Is Everyone Talking About Aurora Cannabis?
The COVID-19 pandemic has been wreaking havoc on the economy for the better part of three months. As a result, many investors are increasingly looking for stability in a volatile stock market. And since most cannabis companies aren't consistently profitable -- and typically don't have anything resembling a timeline for when they will become profitable -- investors have been selling off shares of these businesses. Year to date, the Horizons Marijuana Life Sciences ETF (OTC: HMLSF) -- a benchmark for the cannabis industry -- is down by almost 20%, while the S&P 500 is only down by 8%.
One cannabis company that has been making a lot of noise over the past couple of weeks or so is none other than Aurora Cannabis (NYSE: ACB). And with a series of headlines about this highly popular pot grower sending its stock on a bit of a roller-coaster ride, it is worth revisiting what has been going on with Aurora Cannabis lately.
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