Problems abound for popular pot stock Aurora Cannabis (NYSE:ACB). Poor financial results, an ugly balance sheet, and share dilution problems have chased investors away in 2020. Consequently, Aurora Cannabis’s stock has plunged almost 90% over the past year.
The S&P 500 is up 20% over the same period, and on the whole, many pot stocks have taken this year’s market volatility in stride. Consumer demand for cannabis is rising, and it is becoming more evident that cannabis is evolving into a staple good in licit markets. But there are few reasons to believe that Aurora Cannabis can make a comeback and turn a profit from cannabis’ new normal. Fortunately, several marijuana companies present better prospects. Let’s discuss two of them and discover why they are worth investor attention.
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