Here's What Aurora Cannabis Said That Should Have the Marijuana Industry Terrified
Last week, marijuana stock investors were privy to one of the most highly anticipated events of the third quarter -- namely, the release of Aurora Cannabis' (NYSE: ACB) fiscal fourth-quarter operating results.
Even though Aurora trails Canopy Growth in market cap, it's a leader in many respects. The company projects as Canada's leading producer, with an estimated 625,000 kilos of annual run-rate output by the end of fiscal 2020 (which comes on June 30, 2020), and it has a broader international presence than any other marijuana company. Many years down the line, if oversupply and commoditization strikes the dried flower landscape in Canada, this overseas presence should begin to really pay off.
It's also a company that's apparently loved by investors. It's the most-held stock on online investing app Robinhood (an app that's particularly popular with millennials), putting Aurora Cannabis ahead of the likes of Apple and Amazon.com. I also don't doubt that its relatively low share price has a psychological impact on attracting investors, too.
Source Fool.com
