|Bid||16.01 x 0|
|Ask||16.08 x 0|
|Day's Range||15.56 - 16.38|
|52 Week Range||7.50 - 116.88|
|Beta (5Y Monthly)||1.50|
|PE Ratio (TTM)||N/A|
|Earnings Date||Sep. 09, 2020 - Sep. 14, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||16.23|
One has seen a roller-coaster ride and is now rising from the ashes; the other has always played it safe. Which pot stock is a better bet?
No matter how long you've been an investor, there's simply nothing that could have prepared you for what 2020 has offered thus far. In a roughly four-month span, investors have dealt with about a decade's worth of volatility due to the unprecedented coronavirus disease 2019 (COVID-19) pandemic. Of course, periods of panic and heightened volatility have generally served long-term investors well.
If you're looking for two cheap pot stocks to buy, Aurora Cannabis (NYSE: ACB) and OrganiGram Holdings (NASDAQ: OGI) could be good options. Is Aurora Cannabis finally on the right path? Aurora's been one of the riskier buys in the cannabis industry, but there's hope that the Alberta-based cannabis producer is turning things around.
It's easy for investors to get caught up in the hype surrounding the cannabis industry, especially when expectations are sky-high. There are plenty of examples of cannabis companies falling short of their own expectations. In April 2019, then-CEO Bruce Linton projected that Canopy Growth (NYSE: CGC) would generate over 1 billion Canadian dollars ($744 million) in revenue over a 12-month period starting April 1, 2019, which is the start of the company's fiscal year.
Canopy Growth (NYSE: CGC) and Aurora Cannabis (NYSE: ACB) are among the biggest names in the cannabis industry. It shouldn't be all that surprising to investors that Canopy Growth sees beverages as a key part of its strategy, given that beer maker Constellation Brands (NYSE: STZ) owns a 39% stake in the company.
Canopy Growth Corp (TSX:WEED)(NYSE:CGC) and Aurora Cannabis (TSX:ACB)(NYSE:ACB) are two leaders in the cannabis industry. Should you add them to your portfolio?The post Should You Buy Canopy Growth (TSX:WEED) or Aurora Cannabis (TSX:ACB) Stock? appeared first on The Motley Fool Canada.
Both cannabis markets are drawing attention. How are these two companies approaching these segments?
Many of the largest cannabis players were having a tough 2020 before the economic wallop of COVID-19.
Uncertainty and panic related to the coronavirus disease 2019 (COVID-19) pandemic completely pulled the rug out from beneath the stock market and ultimately sent the benchmark S&P 500 lower by 34% in a mere 33 days. The recently ended quarter featured the best returns for the broad-market indexes since 1998, with the technology-focused Nasdaq Composite galloping to new all-time highs. Right now, there are five exceptionally popular stocks that investors can't seem to get enough of lately that, frankly, I wouldn't buy with free money.
EDMONTON, AB , July 6, 2020 /CNW/ - Aurora Cannabis Inc. (the "Company" or "Aurora") (ACB) (ACB), the Canadian company defining the future of cannabinoids worldwide, today announced that Miguel Martin , President of Aurora USA and head of Reliva, LLC ("Reliva"), has been appointed Chief Commercial Officer of Aurora, effective immediately. Mr. Martin will replace Darren Karasiuk who has held this position at Aurora since February 2019 .
With more states in the US and Canada likely to legalize marijuana and calls for marijuana decriminalization growing louder, the cannabis industry is poised to bounce back in the second half.
Organigram is warning of declining sales and writedowns as the company delays its financial results, citing COVID-19 and “changing market dynamics.”
Aurora Cannabis Inc. (ACB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).
Year to date, shares of the two largest companies in the cannabis sector, Canopy Growth (NYSE: CGC) and Aurora Cannabis (NYSE: ACB), have not been performing well. Since the beginning of the year, Canopy Growth stock has declined by more than 20%, while Aurora's stock has fallen by as much as 50%. In fiscal year 2020, Canopy Growth generated more than $399 million in net revenue, representing a growth of 76% compared with last year.
A page in Aurora Cannabis's (NYSE: ACB) history is turning. The company announced that co-founder and former CEO Terry Booth relinquished his seat on the board of directors effective this past Friday. Aurora did not provide a reason for Booth's departure, nor has he made any public statements on the matter.
Aurora Cannabis (TSX:ACB)(NYSE:ACB) stock fell by over 10% after a solid price rally in May. Let’s find out why I still won’t recommend buying it right now.The post Don’t Buy Aurora Cannabis Stock -- Even After the Over 10% Dip in June appeared first on The Motley Fool Canada.
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (15,389.72, up 200.74 points.)Suncor Energy Inc. (TSX:SU). Energy. Up 88 cents, or 3.95 per cent, to $23.16 on 10.8 million shares.Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 45 cents, or 1.92 per cent, to $23.83 on 9.5 million shares.Freegold Ventures Ltd. (TSX:FVL). Materials. Up six cents, or 4.84 per cent, to $1.30 on 9.2 million shares.Bonavista Energy Corp. (TSX:BNP). Energy. Down half a cent, or 8.33 per cent, to 5.5 cents on 7.9 million shares.The Bank of Nova Scotia (TSX:BNS). Financials. Up $1.18, or 2.17 per cent, to $55.62 on 7.8 million shares.The Toronto-Dominion Bank (TSX:TD). Financials. Up 84 cents, or 1.41 per cent, to $60.32 on 6.7 million shares.Companies in the news:Air Canada (TSX:AC). Up 78 cents or 4.7 per cent to $17.48. Air Canada has more customer complaints about refunds to the U.S. Department of Transportation than any non-U.S. airline. The department says Air Canada received 969 refund complaints out of 7,568 in April, or 13 per cent, outpacing more than 80 carriers in the category. The Montreal-based airline ranked third for refund complaints of any carrier, after United Airlines and American Airlines. Air Canada and other Canadian airlines have refused to reimburse most customers whose flights were cancelled due to the COVID-19 pandemic.Restaurant Brands International Inc. (TSX:QSR). Up $3.71 or 5.2 per cent to $75.63. The Tim Hortons mobile ordering app is being investigated by the Office of the Privacy Commissioner of Canada and provincial agencies in Quebec, B.C. and Alberta. The joint investigation was prompted by concerns raised in media reports about how the app may be collecting and using data about people’s movements as they go about their daily activities. It will examine whether the fast food restaurant chain owned by Restaurant Brands International Inc. is in compliance with the Personal Information Protection and Electronic Documents Act, Canada’s federal private sector privacy law.Great-West Lifeco Inc. (TSX:GWO). Down one cent to $23.27. Great-West Lifeco Inc. will shell out more than US$800 million to buy U.S. investment manager Personal Capital — and its chief executive hinted the company is prepared to dip into its coffers again if other promising deals come along. Great-West subsidiary Empower Retirement said Monday that it will pay US$825 million for the hybrid wealth manager that combines a digital experience with personalized advice delivered by people. It could spend up to US$175 million more, if specific target growth objectives are met.Aurora Cannabis Inc. (TSX:ACB). Down seven cents to $17.02. Aurora Cannabis Inc. says co-founder Terry Booth has retired from the company's board of directors. Booth stepped down as chief executive in February, but had remained a member of the board of the cannabis company. Michael Singer, Aurora's executive chairman and interim CEO, says Booth helped set the table for the company to lead in Canada and around the world. The move comes as Steve Dobler, another co-founder of the company, prepares to retire as president and a director of the company at the end of the month.This report by The Canadian Press was first published June 29, 2020.The Canadian Press
Industry insiders say the math behind the current policy favours higher-potency drinks while restricting sales of mellower products.
Avoid possible bubbles like Aurora Cannabis as millennial day traders seem to catalyze the next market crash in 2020.The post Millennial Day Traders Could Cause the Next 2020 Market Crash appeared first on The Motley Fool Canada.
Rather than investing a producer like Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB), cannabis investors should consider investing in the retail pot sector.The post Forget Aurora: This Could Be a Hotter Pot Stock to Buy appeared first on The Motley Fool Canada.
EDMONTON — Aurora Cannabis Inc. says co-founder Terry Booth has retired from the company's board of directors.Booth stepped down as chief executive in February, but had remained a member of the board of the cannabis company.Michael Singer, Aurora's executive chairman and interim CEO, says Booth helped set the table for the company to lead in Canada and around the world.The move comes as Steve Dobler, another co-founder of the company, prepares to retire as president and a director of the company at the end of the month.Aurora announced in February that it was taking $1 billion in writedowns and would lay off 500 employees as part of a shakeup to its spending plans.In May, the company announced it was entering the U.S. market with the acquisition of hemp-based cannabidiol company Reliva LLC.This report by The Canadian Press was first published June 29, 2020.Companies in this story: (TSX:ACB)The Canadian Press