The Top Marijuana Stock to Avoid In a Market CrashPosted by On

If you had invested $10,000 in Aurora Cannabis (NYSE:ACB) just a year ago, your initial investment would be worth a meager $851 as of Sep. 29. Canada’s nationwide legalization of marijuana in Oct. 2018 was supposed to bring sweeping success to the country’s pot companies. However, Aurora grossly overestimated the market demand for cannabis, and invested billions of dollars in production facilities that never took off.

Not only did Aurora get its market dynamics wrong, but management of its existing capital will probably cause more woes for investors in the future. Let’s dig into why Aurora is the marijuana stock to avoid in the event of another market crash.  

Man refusing a joint.

Image source: Getty Images.

Financial missteps 

In 2019, Aurora issued more than 431 million shares in order to acquire competitors…

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