![]() ![]() For the two-year period from 2018-2020, the cannabis stock saw its price shoot from $30 to $100 per share and then back down three separate times. Since going public in 2017, Aurora Cannabis has been a roller coaster. Let’s take a closer look at an Aurora Cannabis stock prediction… Aurora Cannabis Stock Prediction market.ĭue to the risk factors listed above, shares of marijuana stocks tend to be volatile. Unfortunately, despite being geographically close, Aurora Cannabis doesn’t have a strong foothold in the U.S. market is much larger and represents 80% of the global market. To name just a few industry roadblocks, retail stores have been slow to roll out in Canada, vaping-related illnesses have become fairly common, there’s been an oversupply of commercial cannabis, and there’s been a general lack of profitability from cannabis producers.Īlso, Aurora operates mainly in Canada where the market for cannabis sales is smaller. While selling marijuana legally sounds like a money-printing machine, the machine has been known to jam occasionally. However, actual results across the marijuana industry have mostly fallen flat. In fact, Aurora Cannabis was actually founded in 2006 which was over a decade before Canada legalized the retail sale of Cannabis in 2018. The excitement behind marijuana companies has been bubbling for years. Please do your own due diligence before making any investment decisions. NOTE: I’m not a financial advisor and am just offering my own research and commentary. So, where does Aurora Cannabis stock stand today? Is it worth adding to your portfolio? Let’s take a quick look at an Aurora Cannabis stock forecast and find out. It’s also ranked behind fellow Canadian companies Canopy Growth Corporation, Cronos and Sundial Growers.Īt its biggest, Aurora Cannabis had eight production facilities, five sales licenses and operations in 25 countries. marijuana companies Curaleaf, Green Thumb Industries, Trulieve Industries and WM Technologies. Aurora Cannabis is currently the eighth largest cannabis company in the world by market capitalization. If this question has ever crossed your mind then you might have taken a look at Aurora Cannabis (Nasdaq: ACB) as a potential candidate. For this reason, it’s worth asking yourself if you should add a marijuana stock to your portfolio. Any company that is able to capitalize on the habits of millions of people stands to make a great deal of money. Even if you don’t necessarily enjoy smoking marijuana, there’s no denying that there are millions of people who do. The medical and recreational cannabis industry is one of the most exciting industries out there. ![]()
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