Just nine days ago, I opined that it was affordable to anticipate that the biggest marijuana producer in the planet, Aurora Cannabis (NYSE:ACB), could fall beneath $four a share – a price tag point that seemed unimaginable with the company’s stock lapping at $10 just six months prior. But in just more than a week’s time, Aurora is dangerously close to proving this $four prognostication correct.
Regrettably, $four might not be a bottom for Aurora Cannabis. In spite of what appears to be an extraordinary worth, when taking into account its international attain and peak production, a ideal storm could wind up sending the most well-liked pot stock with millennials beneath $three per share.
Admittedly, a lot would have to go incorrect for Aurora to see a $two and adjust share price tag, but the triggers are in spot for it to take place. Here’s what Aurora’s ‘perfect storm’ would appear like.
– Study the whole write-up at The Motley Fool.