How to buy Aurora Cannabis shares (2024)
Do you consider buying Aurora Cannabis shares? In this article, you will discover how to invest in Aurora Cannabis stocks. Additionally, you can find the latest stock price of Aurora Cannabis on this page.
If you are considering an investment in marijuana, you can buy Aurora Cannabis shares through a reliable broker:
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What is the current stock price of Aurora Cannabis?
Are you curious about the current stock price of Aurora Cannabis shares? The graph below shows the performance of Aurora Cannabis stock. You can also open a position directly by using one of the buttons.
Aurora Cannabis Company Information
Below are the key company details of Aurora Cannabis.
Stock Prices for Aurora Cannabis for the Last 5 Days
The table below shows the stock prices of Aurora Cannabis for the last 5 days:
What makes an investment in Aurora Cannabis stocks interesting?
- Leading position: Aurora Cannabis is one of the largest cannabis companies in the world, and the brand is recognized globally.
- Global expansion: Aurora Cannabis tries to expand internationally by selling its products outside of Canada. The company has entered into strategic partnerships to facilitate international expansion.
- Focus on medical cannabis and research: Aurora Cannabis invests in medical cannabis and has positioned itself as a leader in this segment.
- Efficiency: Aurora Cannabis has invested in improving efficiency by making production more scalable and reducing costs.
- Legal challenges: Changes in regulations can pose challenges. Although more countries allow cannabis, the rules can still be strict.
- Competition: The market for legal cannabis is competitive. At the same time, there is still a significant amount of illegal supply, and these “operations” do not pay taxes.
- Cash burn: Aurora Cannabis invests heavily, which results in significant cash burn.
- Volatility: The cannabis industry market is relatively new and constantly evolves, which makes an investment in a company like Aurora Cannabis above-average risky.
- First, open an account with a reliable stockbroker
- Activate your investment account by uploading a copy of your passport and address
- Deposit sufficient funds into your investment account to buy Aurora Cannabis shares.
- Select the Aurora Cannabis stock and enter the amount you want to invest.
- Click on buy to invest directly in Aurora Cannabis shares.
- Take the time to regularly evaluate your investment and sell your shares when they no longer align with your goals.
What are the competitors of Aurora Cannabis?
- Canopy Growth Corporation
- Cronos Group
- Tilray
- Aphria
- Hexo
About Aurora Cannabis
In North America, an increasing number of states allow the sale of cannabis, often for medicinal purposes. You can take advantage of this development by investing in marijuana stocks. One example of a company you can invest in is Aurora Cannabis.
Aurora Cannabis is a recognized producer of medical cannabis, with Canada being its primary market. Since the summer of 2018, the production and use of cannabis have been legal in Canada. This legalization of cannabis in Canada undoubtedly presents opportunities for Aurora Cannabis.
Is it wise to invest in cannabis?
Is it wise to invest in cannabis? Cannabis is legalized in an increasing number of countries, which means the prospects are promising. According to research, the market can grow enormously. By 2030, the revenue from legal cannabis cultivation could be worth $75 billion.
These are not unrealistic figures. In 2018, the illegal cannabis market had a turnover of approximately $50 billion compared to $6.7 billion in the legal market. By 2030, a revenue of $75 billion can be achieved if the total market grows by 3% over a period of 12 years. However, people need to transition from illegal sources to legal options.
The medical marijuana market is volatile
Investing in cannabis is not without risks. Many cannabis-producing companies have experienced growth as they increased their production to meet the demand for medical cannabis products. However, the price these companies receive for their cannabis can fluctuate. The stock prices of cannabis companies are also volatile. Therefore, stock prices can increase or decrease significantly.
As an investor, you can react to these fluctuations by actively investing in Aurora Cannabis stocks. By keeping an eye on the news, you can ride the waves of hysteria and panic.
Is it wise to buy Aurora Cannabis stocks?
An investment in Aurora Cannabis shares does not always yield positive results: from a peak of 150 Canadian dollars, the stock price has dropped to less than one Canadian dollar. As an active trader, you can take advantage of such significant declines by opening a short position. As an investor, you might wonder if it is still interesting to invest in Aurora Cannabis stocks.
The company’s performance was poor in 2019 and 2020 due to management spending money unwisely. In 2020, new management implemented necessary improvements, such as closing some smaller production facilities to benefit from economies of scale.
Even from a legal perspective, the future could be brighter for Aurora Cannabis: for example, the Canadian cannabis market becomes more open. The introduction of various new products such as cannabis beverages and vaping further increases the company’s opportunities.
However, an investment in Aurora Cannabis can turn out poorly: over a period of 6 years, the company has expanded its number of shares by 11,800% to raise more capital. Moreover, the company struggles to compete with the illegal market, as products on the black market are exempt from taxation. There is a lot of uncertainty surrounding the future of Aurora Cannabis, so whether it is wise to buy the shares now remains questionable.
Should you buy Aurora Cannabis stocks?
Aurora Cannabis established a leading position in the cannabis market and has entered into various strategic partnerships to enable further expansion. The company’s focus is on medical cannabis, and it regularly explores new and improved production techniques.
At the same time, the company must constantly monitor legal developments. Cannabis is still (semi) illegal in many regions, and the company has to compete with similar illegal enterprises that do not adhere to regulations. Therefore, thoroughly study the company’s financial information before making an investment.
