Cannabis Corner: Aurora Turns It Around

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street.

Today gave “Big Cannabis” a much-needed ray of light. Aurora Cannabis Corp. (NYSE:ACB) is still growing its business through the global pandemic.

Most of the people on Wall Street thought that Aurora’s sales had stalled at $65 million a quarter, roughly where they were last year. That’s simply not what it takes to turn this into a sustainable business.

I cheered to see that the company managed to bring in an extra $10 million. This is enough to move the top line 15%. And from the way the stock caught fire today, I wasn’t alone in cheering.

These companies are still hugely depressed. Their business models are under pressure. But today, Aurora proved that it can become a winner even under extremely negative conditions.

And the competitive field keeps contracting, which will help provide a little relief. Hexo Corp. (NYSE:HEXO) is now under the shadow of being delisted.

It is a game of survival now. Every cannabis stock that falters makes space for the rest. Ultimately, those that end up remaining in the market will have the scale and the freedom to really make money.

The finish line may not be in sight yet, but earnings reports like this one take us closer.

Exclusive  Looking For Leadership

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE


img
previous article

Hilary Kramer discusses how and why American consumers are stronger than Wall Street thinks, despite the COVID-19 pandemic.

PREMIUM SERVICES FOR INVESTORS

Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

LEARN MORE HERE

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

LEARN MORE HERE

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

LEARN MORE HERE

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

LEARN MORE HERE

Hilary Kramer

Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers:

Product Details

LEARN MORE HERE

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

LEARN MORE HERE

DividendInvestor.com

Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

LEARN MORE HERE