Aurora Cannabis’ $1.94 Billion Mistake Just Got Worse
Investing in the cannabis industry has been quite the adventure over the past couple of years. Through March 2019, buying almost any brand-name pot stock would have yielded a triple-digit or quadruple-digit gain for investors. But over the trailing 15 months, the vast majority of these gains have been wiped away, with most marijuana stocks losing anywhere from 50% to 90% of their value.
While few pot stocks have been spared, the Canadian marijuana industry has been hit particularly hard. Canada bungled its chance to become a global cannabis leader, and licensed producers to our north have paid the biggest price. Perhaps none more so than Aurora Cannabis (NYSE:ACB).
– Read the entire article at The Motley Fool.