This year has been rough for cannabis companies, including Aurora Cannabis (ACB), whose stock is already down 27.82% year-to-date.
Cannabis legalization is approaching the deadline in Mexico. According to the Supreme Court, the deadline for marijuana legalization is Wednesday.
In the lightning round on Mad Money last week, Jim Cramer said that Canopy Growth needs a packaged goods CEO to make the stock price go up.
The vaping crisis has brought on some twists and turns for the cannabis sector. New York courts are now weighing an e-cigarette ban.
On Wednesday, Aurora Cannabis gave a preview of its Cannabis 2.0 strategy. The company provided plans for the roll-out of edibles, concentrates, and vapes.
On October 15, Aurora Cannabis closed at $3.76, up 7.12% from the previous session. This performance lagged the S&P 500’s 1.00% rise on the day.