ACB.TO - Aurora Cannabis Inc.

Toronto - Toronto Delayed Price. Currency in CAD
4.3800
-0.3100 (-6.61%)
At close: 4:59PM EST
Stock chart is not supported by your current browser
Previous Close4.6900
Open4.5000
Bid4.3400 x 0
Ask4.3500 x 0
Day's Range4.1300 - 4.5500
52 Week Range4.1300 - 13.6700
Volume8,220,177
Avg. Volume5,469,640
Market Cap4.428B
Beta (3Y Monthly)1.97
PE Ratio (TTM)N/A
EPS (TTM)-0.2900
Earnings DateFeb 10, 2020 - Feb 14, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est7.32
  • How this CBD company created a buzz by 'kind of making fun of millennial culture'
    Yahoo Finance

    How this CBD company created a buzz by 'kind of making fun of millennial culture'

    Ask Benjamin Witte about Recess, and one of the first places he’ll send you is the company’s Instagram page.

  • Aurora stock plunges 11% as cannabis producer scales back expansion amid declining revenue
    MarketWatch

    Aurora stock plunges 11% as cannabis producer scales back expansion amid declining revenue

    Aurora Cannabis Inc. reported a 19% sequential decline in revenue, reporting sales of C$75.3 million ($56.8 million) versus C$98.9 in the previous quarter, as the company slows its expansion plans in Canada and abroad.

  • Aurora Cannabis Weed Sales Fall After Street Gouges Canopy Growth
    Investor's Business Daily

    Aurora Cannabis Weed Sales Fall After Street Gouges Canopy Growth

    Aurora Cannabis reports fiscal Q1 earnings after the close, after Wall Street gouged Canopy Growth as its stock dived on its results. Other marijuana stocks sold off too.

  • Benzinga

    Aurora Cannabis Trades Down As Q1 Loss Balloons, Company Reels In Construction, Expenses

    Aurora Cannabis Inc (NYSE: ACB) reported first-quarter sales of CA$70.8 million ($53.4 million) Thursday, down from CA$94.6 million in the fourth quarter. Medical cannabis revenue grew 3% sequentially, while consumer cannabis revenue fell 33%, the company said. The drop in consumer cannabis revenue is due to a slowdown in provincial ordering over the summer as distributors worked through inventories and the industry felt the impact of a "slow pace of retail store licensing" in Canada, Aurora said.

  • CNW Group

    Aurora Cannabis Announces Temporary Amended Early Conversion Privilege for its 2020 Convertible Debentures

    TORONTO , Nov. 14, 2019 /CNW/ - Aurora Cannabis Inc. ("Aurora" or the "Company") (NYSE | TSX: ACB), the Canadian company defining the future of cannabis worldwide, announced today that it has provided notice to all holders (the "Debentureholders") of the Company's CAD$230 million 5% unsecured, convertible debentures due March 9, 2020 (the "Debentures") of an opportunity to voluntarily convert their Debentures at the Amended Early Conversion Ratio (as defined herein). All Debentureholders will be able to convert their Debentures at the Amended Early Conversion Ratio during the period commencing on November 18, 2019 and ending at 5:00 p.m. ( Toronto time) on November 20, 2019 (the "Early Conversion Period").

  • PR Newswire

    Aurora Cannabis Announces First Quarter 2020 Results & Corporate Action Plan

    Aurora Cannabis Inc. (the "Company" or "Aurora") (NYSE | TSX: ACB), the Canadian company defining the future of cannabis worldwide, announced today its financial and operational results for the first quarter of fiscal 2020 ended September 30, 2019.

  • Cronos Group Falls After Being Latest Marijuana Stock To Miss Sales Views
    Investor's Business Daily

    Cronos Group Falls After Being Latest Marijuana Stock To Miss Sales Views

    Cronos earnings were positive, but may not be comparable. Sales jumped but missed views, a common problem for the industry.

  • Cannabis earnings: How much worse can it get for underperforming weed companies?
    MarketWatch

    Cannabis earnings: How much worse can it get for underperforming weed companies?

    Weed companies in Canada have consistently over-promised and under-delivered for investors at earnings time, a big reason previously fattened valuations have been on a severe diet. The next major test for the tortured set of names begins Monday.

  • Walmart, weed and a couple of crucial tech earnings are coming your way
    MarketWatch

    Walmart, weed and a couple of crucial tech earnings are coming your way

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  • The Best Pot Pick Could Actually Be Aurora Cannabis Stock
    InvestorPlace

    The Best Pot Pick Could Actually Be Aurora Cannabis Stock

    Everybody and his uncle was buzzing about Canopy Growth (NYSE:CGC) stock last week -- and given how it shot up like Evel Kenievel out of a cannon, I can't blame them for their enthusiasm. At the risk of burying the lead, as they say, I'd like to direct your attention to the equally important player in the pot-biz game: Aurora Cannabis (NYSE:ACB) stock.Source: Jarretera / Shutterstock.com You see, a stock doesn't have to be the star of the show in order to be hugely profitable. In fact, an argument could be made that ACB stock has the potential to fly farther than other cannabis stocks; it could even double or triple within the next year. When the Weed Market's Growing, Look to ACB StockWhenever the marijuana sector has a great week (like it did last week), suddenly everyone is bullish on the future of cannabis and its decriminalization. As for me, I've been predicting the spread of legalization for a while.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Large-Cap Stocks to Give a Wide Berth Confirming my outlook are the University of Oregon's Keaton Miller and Indiana University's Boyoung Seo, who contend in a research paper that "As voters shift toward supporting the legalization of cannabis, in part due to a desire for increased tax revenues, it appears likely that more jurisdictions in the United States and elsewhere will remove long-standing prohibitions on the substance."Last year, the cannabis craze was all about Canada's full adult-use legalization law going into effect in October. This year, it's all about Cannabis 2.0, in which Canada's edibles, topicals, and concentrates markets are finally clearing legal hurdles. In anticipation of this, Canada's collective salable cannabis-product inventory reached a whopping 390,000 kilograms in August.Investors should exercise a measure of caution, though, as Health Canada spokesperson Tammy Jarbeau explained that "[i]t will be prohibited for cannabis extracts, including cannabis vaping products, to contain anything that may cause injury to the health of the user when the cannabis product is used as intended or in a reasonably foreseeable way."With that caveat in mind, it's fine to pick up some shares of CGC, but I really like Aurora stock in the current market environment. According to the company's projection, Aurora Cannabis' production capacity will achieve an astounding 700,000 kilograms (or thereabouts) by the middle of 2020. Sometimes, More Is MoreIn terms of quantity, Aurora's got pot and plenty of it. I fully expect the Canadian market -- and the global cannabis market, really -- to expand substantially in 2020. Someone's got to meet that demand, and Aurora Cannabis has a production capacity matched by very few players in the canna-biz game.Of course, product quality is just as important as quantity, and Aurora continues to lead the pack when it comes to product offerings in the era of Cannabis 2.0. With production centers on both the east and west coasts of Canada, and given Aurora's collaborations with the likes of Touche Bakery, WG Pro-Manufacturing, and JACEK Chocolate Couture, this cannabis company will be practically unbeatable in the coming year.Terry Booth, Aurora's CEO, appears to be preparing for an all-out assault on the cannabis market in Canada and beyond:"Aurora has built industry-leading cannabis capacity and scalability supported by our consumer research and retail distribution bench strength to launch this next generation of cannabis products into the Canadian market. We are ready to ship product as soon as the regulations allow and are excited for consumers and patients to finally have access to a greater selection of product forms. We are already working on expanding the range of new products beyond those that will initially launch."That's big talk, yes, but Aurora's got the wherewithal to back it up. Personally, I'm looking forward to the new product rollouts as Aurora steps up its game and grabs market share in the emerging edibles niche. The Takeaway on Aurora Cannabis StockIt's perfectly fine to own both Canopy Growth shares and ACB stock in your pot-folio (I just made that word up), but you'll still need to decide how much to allocate towards each company. As I see it, Cannabis 2.0 is here and Aurora remains a leader in this niche-within-a-niche: the product's ready to go, and the shares are ready to soar.As of this writing, David Moadel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Large-Cap Stocks to Give a Wide Berth * 7 Potential New Stocks That Should Not Go Public * 5 Chinese Stocks to Buy Surging Higher The post The Best Pot Pick Could Actually Be Aurora Cannabis Stock appeared first on InvestorPlace.

  • PR Newswire

    Aurora Cannabis Announces 2019 AGM Voting Results

    All Items of Business Approved EDMONTON , Nov. 11, 2019 /PRNewswire/ - Aurora Cannabis Inc. (the "Company" or "Aurora" or the "Issuer") (NYSE │ TSX: ACB), the Canadian company ...

  • Barrons.com

    Marijuana Company Cronos Group Reports Earnings Tomorrow. Here’s What to Expect.

    As they start reporting September quarter sales this week, analysts fear the industry’s sales may have dropped from the June period. In Monday morning trading on Nasdaq, Cronos stock was down 4% at $8.18. BMO Capital Markets analyst Tamy Chen predicts the industry’s sales of recreational cannabis could have dropped 20% from June to September, as provincial wholesalers manage their inventories to deal with limited warehouse space and a retail bottleneck of too few stores.

  • Benzinga

    Cannabis Countdown: Top 10 Marijuana Stock News Stories Of The Week

    Cannabis Countdown: Top 10 Marijuana Stock News Stories of the Week Welcome to the  Cannabis Countdown . In this week’s rendition, we’ll recap and countdown the top 10 marijuana stock news stories for ...

  • MarketWatch

    MKM lowers quarterly estimates for Canopy Growth and Aurora Cannabis ahead of Thursday earnings

    MKM Partners lowered its quarterly estimates for Canadian cannabis companies Canopy Growth Corp. and Aurora Cannabis Inc. , and said he expects neither company will show much improvement in sales when they report earnings on Thursday. Analyst Bill Kirk cited three reasons for the cuts, namely that inventory being held at provinces is weighing on shipments from manufacturers, pricing is falling and lower prices won't help shift product because legal weed is still way more expensive than black market product. "While net sales estimates have come down for both since the end of August (-18% for Canopy and -25% for Aurora), we believe there is still some risk to revenue estimates and EBITDA estimates (EBITDA estimate only down 8% for Canopy)," Kirk wrote in a note to clients. "With sequential growth suddenly stalling/declining, we believe P&L de-leverage will negatively surprise (costs planned for growth, but no growth)." That will cause the bulls to revisit the industry's expectations about how quickly companies can attain profitability. "For instance, Aurora is unlikely to be EBITDA positive by June 2020 as consensus expects," he wrote. Kirk lowered his sales forecast for Canopy's fiscal second quarter to C$95.4 million ($72.1 million) from a previous C$114.5 million and compared with the consensus of C$101.5 million. For Aurora, he lowered his fiscal first-quarter sales forecast to C$92.2 million from a previous C$98.0 million and consensus of C$89.7 million. Kirk rates Canopy as neutral and Aurora as sell. Canopy's U.S.-listed shares were last down 0.7% premarket, while Aurora was up 0.3%.

  • Short sellers are increasing bets on cannabis stocks even after summer selloff
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    Short sellers are increasing bets on cannabis stocks even after summer selloff

    Short sellers have continued to build positions in the cannabis sector, even after a broad re-rating of risk following a steep summer selloff, according to financial analytics firm S3 Partners.

  • Benzinga

    Cannabis 2.0: The Companies Entering Canada's New Edible, Concentrate, Topical Market

    One year after the legalization of recreational marijuana in Canada, the country is preparing for "Cannabis 2.0."  The second phase of legalization will bring three new classes of cannabis to ...

  • Investors Should Use Other Metrics to Evaluate Cronos Group Stock
    InvestorPlace

    Investors Should Use Other Metrics to Evaluate Cronos Group Stock

    InvestorPlace's Mark Hake recently stated that Cronos (NASDAQ:CRON), which is down more than 67% from its 52-week high of $25.10, is severely overvalued, arguing that CRON stock is by far the most expensive of its Canadian cannabis peers with an enterprise value 58 times sales.Source: Shutterstock InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat's fair enough. But before you write off investing in Cronos stock, I'd like you to consider another financial metric. It paints a slightly different picture. By the end, I think you might see things a little differently. Cash in the BankCronos completed its $300 million acquisition of Redwood Holdings after the end of its second quarter on June 30. It paid cash for $225 million of the purchase, with the rest came from newly issued Cronos Group stock. InvestorPlace's David Moadel discussed the positive aspects of Cronos' Redwood buy in August, suggesting that the move gives it an excellent entry into the hemp market and its various CBD-related product lines. It's not unlike the February 2019 acquisition by Tilray (NASDAQ:TLRY) of Manitoba Harvest, a significant player in hemp foods, for $316 million.Cronos reports its Q3 2019 results on Nov. 11. It will be essential to pay attention to the company's cash position. At the end of June, Cronos had $2.3 billion CAD in cash, cash equivalents and short-term investments of one year or less. It has no debt. * 7 Beverage Stocks to Stock Up On The company closed its acquisition of Redwood on Sept. 5. Its share price at that day's close was $11.58, which means it likely issued approximately 6.5 million shares of its stock for the $75 million stock portion of the deal. Add that to the 374.7 million shares outstanding at the end of June, and you get 381.2 million shares outstanding and a market capitalization of $2.8 billion based on a share price of $7.99.So, Cronos' market cap is 1.9 times its net cash position. Using the top six Cannabis stocks by revenue, here is how Cronos makes out compared to its peers. Top Six Canadian Cannabis Stocks by RevenueCompany Market Cap Net Cash MC/Net Cash Canopy Growth (NYSE:CGC) $6.7 billion $1.8 billion 3.7x Aphria (NYSE:APHA) $1.2 billion $61 million 19.7x Aurora Cannabis (NYSE:ACB) $3.6 billion -$243.2 million -14.8x Tilray $2.2 billion -$159.6 million -13.8x Cronos $2.8 billion $1.7 billion 1.6x Hexo (NYSE:HEXO) $626.1 million $80.7 million 7.8x Source: MorningstarNote: $1 CAD = $0.76 U.S. The Bottom Line on CRON StockI can already hear fans of Aurora and Tilray screaming bloody murder. How dare I use such an unfair metric that fails to take into consideration the fact that both of these companies used their stock as currency to grow their businesses?Cronos, on the other hand, chose to partner with Big Tobacco. Altria (NYSE:MO) owns 45% of Cronos and can increase that to 55% -- and Canopy did the same with Big Booze -- Constellation Brands (NYSE:STZ) owns 38% of Canopy and has the right to increase that to above 50%. To date, it appears that Cronos and Canopy's shareholders have the last laugh. After all, consider the former shareholders of MedReleaf, which was acquired by Aurora in July 2018. When Aurora announced the deal in May 2018, it was worth $3.2 billion CAD. Today, the 407.6 million shares MedReleaf shareholders would have received are worth $1.5 billion CAD, less than half the value at the time of the deal's announcement. In hindsight, cash would have been much nicer.More importantly, by getting a heavy hitter to shoulder some of the cost of growing its business, Cronos now has plenty of cash and industry experience to help it navigate the next stage of its growth. Since many cannabis players are likely to go out of business in the next 12-24 months, it ought to be comforting to Cronos shareholders that the company is sitting on so much cash.No. CRON stock is not severely overvalued.At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Sell Before They Roll Over * 5 Beaten-Up Stocks to Buy That Could Be Saved By An Acquisition * 4 Startup Stocks Getting Smashed The post Investors Should Use Other Metrics to Evaluate Cronos Group Stock appeared first on InvestorPlace.

  • Has Aurora Cannabis Stock Bottomed Out? Not So Fast!
    InvestorPlace

    Has Aurora Cannabis Stock Bottomed Out? Not So Fast!

    Aurora Cannabis (NYSE:ACB) stock has slowly cratered this year. Shares have fallen from a 52-week high of $10.32 on March 19 to $3.73 at the close Nov. 6. High hopes for the "cannabisphere" have not lived up to expectations.Source: Shutterstock Despite oversupply, Aurora plans to ramp up production more than 3-fold to 500,000 kilos/year. Yet this is much more pot than the market can bear. With continued operating losses, the road to profitability seems miles away. But with the stock price bottoming out, we are getting closer to a reasonable price for ACB stock. * 7 Beverage Stocks to Stock Up On With the next earnings release expected next week, is now the time to take a position? Not so fast! Aurora Cannabis stock has fallen far, but additional downside could be on the table.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Headwinds Continue to Plague ACB StockHeading into earnings, Aurora Cannabis stock faces many issues. Cowen's Vivien Azer is bearish on upcoming results. She believes a bulk of last quarter sales were a one-time event. Last quarter, Aurora sold C$20 million worth of pot into the wholesale market. Assuming this event is not repeated, she anticipates sales to fall 24% quarter-over-quarter.Azer is also concerned with the company's convertible debt due in March. In prior analysis, I have discussed Aurora's convertible debt issue. The current share price is far below the conversion price. Because of this, the company will need to find alternative ways to refinance the debt. Aurora could issue new convertible notes. They could also raise equity. Either situation will be dilutive for ACB stock.Analyst consensus for future revenue is also falling. Previously, Seeking Alpha analysts estimated sales of $775.2 million for the fiscal year ending Jun 2021. This has since fallen to $652.7 million.But this could be darkness before the dawn. Next month is the start of "Cannabis 2.0," when marijuana products such as edibles and beverages hit Canadian shelves. The rollout of these high-margin products could be a saving grace for the pot space.Will "Cannabis 2.0" move the needle for ACB stock? Unlike peers such as Hexo (NYSE:HEXO), Aurora is not as tied to the recreational space. Their efforts have been focused on the prosaic medicinal end of the business. This has allowed them to diversify globally. As InvestorPlace's Tom Taulli recently wrote, Aurora has made big inroads in Europe and Latin America.Building a business in more regulated medical marijuana may not be as sexy as a cannabis-infused drink. But long-term, it may provide the company with stability to withstand Darwinian competition in the pot game. Aurora Stock Cheaper Than Peers (But It's No Bargain)Using the enterprise value/sales (EV/Sales) metric, ACB stock is cheaper than many of its pot stock peers. Aurora trades at a trailing twelve-month EV/Sales of 25.37. In comparison, Canopy Growth (NYSE:CGC) trades at a current EV/Sales ratio of 18.63. Pot stocks like Aphria (NYSE:APHA) trade at much lower valuations (EV/Sales of 4.6). But Aurora Cannabis stock remains cheaper than Cronos Group (NASDAQ:CRON). CRON continues to trade at a high EV/Sales ratio (335.56).For the pot stocks, trailing EV/Sales may not be the best metric. Applying EV/Sales to estimated FY21 revenue gives us a EV/Sales valuation of 6.3. Canopy's future EV/Sales ratio (using FY21 estimates) is 7.7. This also demonstrates the market giving ACB stock a discount relative to peers like CGC.But using forward sales is not an exact science. With revenue estimates continuing to fall, it's tough to see where Aurora and its peers will be a year from now.On an absolute basis, Aurora Cannabis stock is expensive. Recently, InvestorPlace's Will Healy compared Aurora's price-to-sales (Price/Sales) ratio to that of the S&P 500. According to Healy, the average Price/Sales ratio for the S&P 500 is 2.2. By comparison, Aurora trades for 20 times current revenue.This premium is unsustainable. With the pot industry troubles, I am doubtful ACB stock will "grow into its valuation." Shares have more downside from here, even if projected growth continues. Bottom Line: Wait For Cannabis 2.0 to Play OutIt's tough to predict short-term moves in the pot space. Most of the current news is priced into shares. ACB stock is no exception. Investors understand the company's headwinds, and have acted accordingly. But in the next few months, the industry's prospects could change.If Cannabis 2.0 turns out to be the gold mine it has been touted as, Aurora Cannabis should reap some benefit. While not as levered to edibles and beverages as its peers, improved demand for legalized marijuana (in whatever shape or form) will quell fears of oversupply.The fortunes of Aurora stock could turn on a dime, so don't short this stock. Don't buy it either, considering the murky waters in the short-term. Keep pot stocks like ACB on your radar, but take your time before making a move.As of this writing, Thomas Niel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Sell Before They Roll Over * 5 Beaten-Up Stocks to Buy That Could Be Saved By An Acquisition * 4 Startup Stocks Getting Smashed The post Has Aurora Cannabis Stock Bottomed Out? Not So Fast! appeared first on InvestorPlace.

  • InvestorPlace

    10 Medical Marijuana Stocks to Cure Your Portfolio

    [Editor's note: "10 Medical Marijuana Stocks to Cure Your Portfolio" was previously published in October 2019. It has since been updated to include the most relevant information available.] Invariably, no other investment class generates as much interest and controversy as marijuana stocks. Within a generation, public sentiment toward legalization shifted dramatically from strongly opposed to mostly supportive. This is largely due to demographics, as the more progressive millennials replace older Americans in positions of influence.Additionally, marijuana stocks represent a viable economic channel that can help bridge the gap for many states' financial issues. For instance, green-friendly Colorado enjoys significant tax revenues from its botanical industry. I don't see this trend changing for the worse anytime soon, as awareness and popularity is only increasing.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOf course, cannabis isn't without its controversies. Primarily, the federal government classifies marijuana as a Schedule I drug, putting it on par with hardcore narcotics like cocaine. Thus, no matter how liberal some states become toward their agricultural ambitions, the specter of federal oversight and crackdowns keeps many entrepreneurs and businesses away.However, we have one critical exception to the rule: marijuana stocks that specialize in medicinal and therapeutic benefits. For one thing, medical cannabis mitigates the stereotypical image of potheads and general no-gooders. Plus, people experiment with pharmaceuticals all the time. Why not allow these same patients the choice for natural alternatives? * 7 Retail Stocks to Avoid for the Holidays More critically for marijuana stocks, the medicinal aspect offers the best chance for international acceptance. Currently, very few jurisdictions allow recreational weed. Given the abundance of traditional and conservative nations, a green world is unlikely. But as Thailand and South Korea demonstrated, medical cannabis is a much easier sell.As a result, you want exposure not just to marijuana stocks, but also to the therapeutic element. Here are 10 names to consider: AbbVie (ABBV)Source: Shutterstock Whenever you have a discussion about cannabis stocks, chances are, AbbVie (NYSE:ABBV) isn't the first name you think about. One of the healthcare sector's blue chips, ABBV stock has soared on its vast therapeutic pipeline.We're talking mainstream solutions for common ailments and diseases like arthritis and plaque psoriasis.Still, AbbVie maintains some botanical credibility with its Marinol therapy. A synthetic cannabis-based drug, Marinol addresses chemotherapy-related side effects, such as vomiting or nausea. In addition, it helps restore appetite among AIDS patients.Of course, you should note that Marinol isn't among AbbVie's top-selling products. Therefore, you're only getting limited exposure to cannabis with ABBV stock. But based on the extreme volatility of marijuana stocks, that isn't such a bad gig. Emerald Health Therapeutics (EMHTF)Source: Shutterstock Not that I would know, but growing cannabis allegedly isn't rocket science.With the right conditions, the right equipment and a reasonable car, anyone can grow their stash. But cultivating the plant so that it addresses specific ailments and symptoms? That takes real effort, which is where Emerald Health Therapeutics (OTCMKTS:EMHTF) comes in.Rather than just pumping out the green stuff, Emerald deliberately seeks out the strains most effective in addressing patients' needs. The company provides a wide selection of strains, which range in weight, tetrahydrocannabinol (THC) content, and cannabidiol (CBD) strength. Their impressive portfolio should lift EMHTF stock over the long run, as interest in CBD products accelerates. * 7 Retail Stocks to Avoid for the Holidays It's important to be careful with pot stocks, though. On a year-to-date basis, EMHTF stock is down 75%. While all cannabis stocks suffer volatility risk, Emerald's concentration on medicinal weed should help mitigate downside pressure. Aurora Cannabis (ACB)Source: Shutterstock I've spent a lot of time discussing Aurora Cannabis (NYSE:ACB), and I don't mean to keep double-dipping into this company. Still, I keep going back for a reason: ACB stock is an excellent play within the medical-marijuana market.A key factor in my bullishness for Aurora is its management team. In my view, they're making smart decisions through their acquisitive strategy.Rather than merely focusing on outright capacity, they're looking out over the horizon. Aurora's buyout of Whistler Medical Marijuana gave the organization significant leverage in medical cannabis due to Whistler's extensive genetics bank.Furthermore, ACB stock is a strong performer. In the beginning of the year, shares skyrocketed roughly 70% before plummeting. It's down 28% this year. The inevitable correction should be only temporary. Among marijuana stocks, Aurora is exceptionally well-positioned for sustainable growth. Cronos Group (CRON)Source: Shutterstock One of the top names among major marijuana stocks, Cronos Group (NASDAQ:CRON) naturally attracts a lot of attention. This time, though, they're attracting the wrong kind.Prior to its earnings report for the second quarter, I worried about the company's revenue target.Hit or exceed it, and management can stave off criticism, but speculators looking for a discounted price may want to put CRON stock back on their radar. After concerns about vaping safety hit the news, Cronos has shed all of this year's gains and more, as it's down nearly 24% YTD. * 7 Retail Stocks to Avoid for the Holidays Plus, Cronos has international legitimacy among medicinally focused cannabis stocks. Featuring partnerships and joint ventures across five continents, the company is ahead of the game. CannTrust (CTST)In business, even the green kind, you can't get ahead of yourself. So while lucrative opportunities exist in the international sector, CannTrust (NYSE:CTST) remains firmly committed to winning its native Canadian market.At the same time, CannTrust can't afford to ignore the rest of the world. Although Canada becoming the first G7 nation to legalize recreational weed generated headlines, our northern neighbors alone can't support this burgeoning industry.Therefore, management has focused on the growth and capacity narrative to compete effectively at home and, later, abroad.To achieve the second leg of this journey, CannTrust teamed up with Denmark's Stenocare to distribute medical cannabis products in that country.It also inked a partnership with an Australian firm for similar distribution arrangements. While it's not the most common name among marijuana stocks, CTST stock provides a risky, but viable, opportunity. Innovative Industrial Properties (IIPR)Most marijuana stocks focus on the industry's front face; namely, production. As I mentioned earlier, marijuana isn't that difficult to grow. So long as you have the green light legally, the physical barrier to entry is relatively short.But the real challenge, though, is finding a consistent source of financing. This is where Innovative Industrial Properties (NYSE:IIPR) lends a helping hand.Despite momentum toward legalization, several financial institutions shy away from cannabis ventures.Innovative Industrial plugs the gap, offering critical capital through its leaseback business model. * 7 Retail Stocks to Avoid for the Holidays Thanks to the company's tremendous utility, IIPR stock has lit up the markets. Shares are currently up more than 75% YTD. Technically, IIPR may have gotten a bit overheated. That said, I wouldn't get too greedy looking for the perfect entry point. Innovative Industrial levers a proven business model that is only increasing in relevancy. Terra Tech (TRTC)Everyone recognizes cannabis stocks for two things: their incredible potential and their equally incredible volatility. Unfortunately, stakeholders of medical-cannabis producer Terra Tech (OTCMKTS:TRTC) find themselves in the latter category.So far this year, TRTC stock is down around 53%.And the bad news doesn't end there. Terra Tech only had $1.9 million of cash at the end of Q2.So why take a bet on TRTC stock? First, its vertically integrated organization may facilitate significant efficiencies as political momentum increases. Second, I dig their leadership team. The head execs are experts in finance, which should prove beneficial in properly navigating TRTC across choppy waters. Charlotte's Web (CWBHF)Source: Shutterstock When most people look at Charlotte's Web (OTCMKTS:CWBHF), they're thinking that they missed the boat. After all, CWBHF stock jumped 78% at the beginning of this year.From the opening price this year, however, Charlotte's Web shares are down over 10%.As much as I love marijuana stocks, I'm fairly certain that this cannabis firm is due for a further pullback. But once that occurs, I wouldn't waste too much time squabbling over the granularity.Instead, I'd consider what our own Matt McCall had to say. Thanks to the popularity of CBD, Charlotte's Web's CBD-based products could be distributed across mainstream retail channels. * 7 Retail Stocks to Avoid for the Holidays Unquestionably, such an event would launch CWBHF stock into the stratosphere. Moreover, because most CBD products contain no trace of THC, they don't fall under severe federal guidelines. Therefore, don't get too greedy looking for an ideal price point when CWBHF corrects. Cannabis Science (CBIS)On paper, Cannabis Science (OTCMKTS:CBIS) represents the next evolution among cannabis stocks: pharmaceutical firms that devote their time and research exclusively toward medical marijuana.Not only that, this is a much-needed development that could lift CBIS stock, as well as the entire botanical industry.For decades, people unquestionably trusted the mainstream healthcare and pharmaceutical network.However, the rapidly escalating opioid crisis has proven that well-intentioned medical professionals can lever a tragic impact. One of the underlying causes of this crisis is the addictiveness of prescribed medicines.Organizations like Cannabis Science can potentially mitigate this situation with naturally sourced therapies free of psychoactive side-effects. That's the allure of CBIS stock. However, shares trade for $0.0049 cents a pop, so this is only for the risk-tolerant. GW Pharmaceuticals (GWPH)Source: Shutterstock On a surface level, GW Pharmaceuticals (NASDAQ:GWPH) brings a lot of positives to the table. As pioneers among medicinally-concentrated marijuana stocks, they lever substantial credibility.Their Sativex drug for addressing symptoms associated with multiple sclerosis achieved better-than-expected results. This only encourages other companies to pursue cannabis-based therapies for many other diseases. * 7 Retail Stocks to Avoid for the Holidays As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Sell Before They Roll Over * 5 Beaten-Up Stocks to Buy That Could Be Saved By An Acquisition * 4 Startup Stocks Getting Smashed The post 10 Medical Marijuana Stocks to Cure Your Portfolio appeared first on InvestorPlace.

  • Yahoo Finance Video

    MKM lowers quarterly estimates for Canopy Growth, Aurora Cannabis

    Canopy Growth and Aurora Cannabis are tumbling after MKM partners lowered its quarterly estimates on the marijuana companies. Yahoo Finance's Jared Blikre joins Akiko Fujita on The Ticker.