Is Aurora Cannabis Ready To Hit $20 In February?

There was a time when Aurora Cannabis Inc. (NYSE: ACB) was the stock to look into if anyone was interested in the cannabis sector. However, things have gone haywire over the past year or so.

ACB seems to be making a comeback of sorts in recent times and over the past month, the stock has rallied by as much as 40%. That being said, the stock is still down 95% from its all-time high and investors must be wondering if it is time to get back in.

The main reason behind the troubles at the company was due to the way in which the company expanded too fast too early. However, that proved to be a damaging strategy for Aurora since the demand in the market could not meet the company’s production capacity. The company decided to act on the situation and went for a restructuring that also included layoffs. The road ahead for the company is long and arduous, hence investors with a long-term outlook could consider keeping an eye on Aurora.

 

Emile Ortega

Editor and Computer ExpertA hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. That time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently, he runs a PC building and repairing shop which helps a lot of designers and gamers who always like to try new things.