Rich Smith

Why Aurora Cannabis Stock Is Still Going Down Today – Motley Fool

What happened It’s been a rough week for investors in marijuana stocks, and for investors in Aurora Cannabis (NYSE:ACB) in particular. Aurora stock hasn’t seen an up day since Monday, when the election results were mostly finalized. Because Vice President-elect Kamala Harris had campaigned on a plan to decriminalize marijuana, and expunge the records of those with pot-related convictions, it was assumed Monday that the Democrats’ victory would be good news for marijuana stocks such as Aurora. But following several reports of bad news for the company, Aurora Cannabis stock is trading down for the third day in a row […]

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Why Aurora Cannabis, Canopy Growth, and Tilray Stocks Wilted This Morning – Motley Fool

What happened On Monday, marijuana stocks were on fire, but on Tuesday, it’s mostly smoke and ashes. As of 9:45 a.m. EST, shares of industry giant Canopy Growth (NYSE:CGC) are down 4.9%, while smaller Tilray (NASDAQ:TLRY) has tumbled 15% and Aurora Cannabis (NYSE:ACB) is down 21.6%. I suppose there are any number of theories for why this might be: worries that the Democrats will not, in fact, sweep the White House, House of Representatives, and U.S. Senate, ushering in a “green” new deal of an entirely different sort — or simply the law of gravity, and the knowledge that what […]

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Why Aurora Cannabis Stock Slid 5% This Morning – Motley Fool

What happened Another day, another decline for Aurora Cannabis (NYSE:ACB) stock. Earlier this week, we discussed Aurora Cannabis’s decision to try to raise another $500 million to keep its business solvent by selling one or more batches of “common shares, preferred shares, warrants, subscription receipts and debt securities” over the next 25 months — and how investors reacted to this news by selling off the stock.  Yesterday, Aurora made its latest attempt to stop the bleeding, reassuring investors that it remains in “compliance” with its debt covenants and is on course to land toward the high end of its previously […]

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Why Aurora Cannabis, Aphria, and Charlotte's Web Stocks Are Wilting Wednesday – Motley Fool

What happened The stock market’s meltdown continued Wednesday morning, with the S&P 500 falling close to 3%. And marijuana stocks such as Aurora Cannabis (NYSE:ACB), Aphria (NASDAQ:APHA), and Charlotte’s Web (OTC:CWBHF) got hit hard along with the rest of the market, falling 5% and more early. That’s the bad news. The good news is that as the morning wore on, cannabis shares appeared to be recovering somewhat. As of midday trading, Aphria shares shed 3.5%, and Charlotte’s Web was down 5% — but Aurora Cannabis shares recovered to only a 2.6% loss, which is actually a somewhat smaller-than-average loss relative […]

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Why Aurora Cannabis, Canopy Growth, and Tilray Stocks Were Down 5% (and More) on Monday – Motley Fool

What happened For the second day running, marijuana stocks are in a funk. Shares of cannabis industry giant Canopy Growth Corporation (NYSE:CGC) fell 6% on Monday, while smaller Aurora Cannabis (NYSE:ACB) slipped 6% and Tilray (NASDAQ:TLRY) tumbled 13%. Personally, I blame Joe Biden for this — and Donald Trump, too. Image source: Getty Images. So what Earlier this month, the Vice Presidential debate featured a clear and unequivocal promise from Vice Presidential candidate Kamala Harris to “decriminalize marijuana” and “expunge the records of those who have been convicted of marijuana” related offenses, removing the stigma from cannabis use. One week […]

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Why Aurora Cannabis Stock Just Tanked 6% – Motley Fool

What happened Aurora Cannabis (NYSE:ACB) investors are having a bad day. Investment bank Cantor Fitzgerald cut its rating on the marijuana stock from overweight to neutral Tuesday morning, reported TheFly.com, and cut its price target in half — from 18 Canadian dollars a share to just CA$7 — sending the stock spiraling downward on a flat day for the broader market. As of 1:34 p.m. EDT, Aurora Cannabis stock was down by 6.3% — but the company has only itself to blame. Image source: Getty Images. So what Early Tuesday morning — about two and a half hours before Cantor […]

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Why Shares of Aurora Cannabis, OrganiGram, and Charlotte's Web All Declined Today – Motley Fool

What happened Marijuana stocks dropped in midday trading Wednesday. As of noon EDT, shares of Aurora Cannabis (NYSE:ACB) were trading 4% lower, OrganiGram Holdings (NASDAQ:OGI) was down 4.3%, and Charlotte’s Web (OTC:CWBHF) was off 4%. And Charlotte’s Web may be to blame for it all. Weed stocks were wilting today. Image source: Getty Images. So what In a veritable tic-tac-toe of bad news, three analysts in a row have cut their price targets on Charlotte’s Web, a producer of hemp-derived cannabidiol (CBD) wellness products. There are few details on the reasons for the cuts in price targets. But ratings-watcher StreetInsider.com confirms […]

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