Throughout North America, no marijuana stock has been more popular or polarizing with the investment community than Canadian licensed producer Aurora Cannabis (NYSE: ACB). By the midpoint of 2019, Aurora looked as if it had a clear path to become a cannabis leader. The company had 15 cultivation facilities that, if fully built out, could yield north of 650,000 kilos of weed a year.
For the second day running, marijuana stocks are in a funk. Shares of cannabis industry giant Canopy Growth Corporation (NYSE: CGC) fell 6% on Monday, while smaller Aurora Cannabis (NYSE: ACB) slipped 6% and Tilray (NASDAQ: TLRY) tumbled 13%. Personally, I blame Joe Biden for this -- and Donald Trump, too.
* Existing At-The-Market (ATM) program now complete * New Preliminary Base Shelf Prospectus Has Been Filed * Current Cash Position is Approximately $272 millionNYSE | TSX: ACBEDMONTON, AB, Oct. 27, 2020 /CNW/ - Aurora Cannabis Inc.