Aurora Cannabis (NYSE: ACB) has been a favorite of investors for a while now, and expectations are high that the company will be able to recover from a dismal 2019.
The rate at which Aurora expanded after Canada legalized medical cannabis in October 2018 convinced everyone that it could become the top player in this growing industry. However, some of its own mistakes -- going too fast, too soon; spending money on expansions and acquisitions without paying attention to rising debts -- along with external headwinds brought Aurora's stock down more than 78% from its March 2019 highs.
So far, 2020 has somehow been lucky for the company, which does seem to be on a path to recovery. Let's shed some light on its efforts this year.