Have you always wanted to invest in CBD stocks but don’t know where to start? Well, today is your lucky day as we have put together a comprehensive guide that should get you started on your CBD investment journey.
While there are tons of CBD companies out there you can invest in, one company that has stood out for many investors is Aurora Cannabis Inc. In today’s guide, you’ll learn everything you need to know about this company, its financials, the best place to buy its shares, and more.
But before we get into the nitty-gritty of this article, let’s start with some background about the company.
Aurora Cannabis Inc is a Canadian company that produces and distributes medical and recreational cannabis products. With the growing legalization of marijuana in several countries, the company has become a popular investment opportunity for many.
Understanding ACB (Aurora Cannabis Inc)
Before putting your hard-earned money into any stock, it’s always essential to do a deep dive into the company and its financials. For Aurora Cannabis Inc, here are a few key things you should know:
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- ACB is a leading Canadian-based cannabis company. The company has its operations scattered across 25 countries globally.
- Aurora Cannabis is renowned for producing some of the world’s most renowned cannabis products, including edibles, CBD oils, and vaporizers.
- The company has seen its market cap grow steadily, especially as more investors put their money into CBD stocks. As of February this year, the company is reported to have a total market cap of $1.5 billion.
- While Aurora Cannabis Inc. has continued to experience massive growth, its stock has suffered some decline in recent years due to increased competition and regulatory changes within the cannabis industry.
When did Aurora Cannabis Inc go public?
Aurora Cannabis Inc went public on October 23, 2014, after which its stock was listed on the Toronto Stock Exchange (TSX). After successfully trading on the Toronto Stock Exchange for a few years, ACB stock debuted on the New York Stock Exchange (NYSE) on October 23, 2018.
During its initial public offering (IPO), Aurora Cannabis Inc offered 16,6656,667 common shares at 1 CAD per share. Following a successful IPO, Aurora Cannabis Inc raised a whopping 16.67 million CAD.
Since its IPO, ACB stock has experienced significant price fluctuations. The company’s stock peaked in late 2018 and early 2019, with stock prices reaching as high as 14 CAD per share on the Toronto Stock Exchange and over $10 per share on the New York Stock Exchange.
Following an impressive rally between 2018 and 2019, Aurora Cannabis Stock has experienced significant declines, with its stock dropping to as low as 4.06 CAD per share on the Toronto Stock Exchange and $3.71 per share on the New York Stock Exchange as of November 2020.
It is also important to add that the cannabis industry has suffered a significant setback in the last couple of years due to increased competition and regulatory hurdles. So it’s no surprise to see that Aurora Cannabis Inc has not been able to maintain its early momentum.
Just so you know, Aurora Cannabis Inc has undergone extensive restructuring and management changes, especially as the company continues to work on addressing some of the challenges confronting its business. Also, the company has been focusing largely on core operations as it attempts to turn its fortunes around.
Overall, Aurora Cannabis Inc IPO marked a significant milestone for the company and the cannabis industry as a whole. While the company has faced significant challenges and hurdles since launching in 2014, it remains a prominent actor in the global cannabis market. And yes, its operations have continued to expand. While it operates in about 25 countries, the company is working behind the scenes to break into new markets.
How has Aurora Cannabis Stock performed since its IPO?
Aurora Cannabis Inc has experienced significant volatile stock performance since going public in 2014.
During its first few years of trading, ACB stock performed quite well, reaching an all-time high of 14.08 CAD per share on the Toronto Stock Exchange in October of 2018. Unfortunately, the company stock has edged lower since then, with its stock prices dropping to as low as 4.06 CAD per share in November 2020.
While Aurora Cannabis Inc continues to work behind the scenes to turn its fortunes around, some of the factors that contributed to the volatility of its stock include regulatory hurdles, increased competition in the cannabis industry as well as the impact of the COVID-19 pandemic. On top of that, Aurora INC has undergone significant restructuring, including management changes, as it attempts to turn its fortunes around.
In the last couple of months, ACB stocks have shown some signs of recovery. As of February 18, 2023, the company stock was trading at 1.27 CAD, a sign that the stock is ready to regain some lost ground.
Despite gaining significant ground, ACB stock is still far below its 2018 peak. So as an investor looking to put your money into ACB stock, we highly recommend evaluating the risks and potential rewards before investing your hard-earned money.
Before investing in ACB stock, it’s important you do due diligence. By due diligence, we mean carefully researching the company’s financials, competition, management team, overall market conditions, and more before making any financial decisions.
Is now a good time to buy ACB stock?
With the hype around CBD stocks at an all-time high, investors are looking to get a bite of the cannabis industry. While Aurora Cannabis Stock has experienced a significant decline since making an all-time high of 14.06 CAD, many investors are betting that ACB stock will regain some of the losses made in the last couple of years.
More so, the company has undergone significant restructuring and change in management. Experts believe this move will push the company’s stock higher.
If you missed buying ACB stock in 2018 and 2019 because it was too expensive, now is the perfect time to add this CBD stock to your investment portfolio. Plus, you’ll be getting it at an affordable price.
As of the time of putting this guide together, ACB stock is trading for $0.94 on various stock exchange platforms where it is listed.
Tip for buying ACB stock online
If you are interested in buying Aurora Cannabis Inc (ACB) stock online, there are several tips that can help you make informed investment decisions. Here are a few tips to consider:
- Research the company: Before investing in any stock, it is important to research the company’s financials, management team, competition, and overall market conditions. Look at the company’s financial statements, such as its income statement, balance sheet, and cash flow statement, to understand its revenue, expenses, assets, and liabilities.
- Choose a reputable broker: When buying ACB stock online, you will need to use a brokerage platform to execute your trades. Choose a reputable brokerage with a good track record of security and reliability. Popular online brokerage platforms include Robinhood, eToro, Fidelity, E-Trade, and TD Ameritrade.
- Understand the risks: Investing in individual stocks carries inherent risks, and ACB stock is no exception. Be sure to understand the risks and potential rewards of investing in the company, and consider diversifying your portfolio to reduce risk.
- Consider dollar-cost averaging: Dollar-cost averaging is a strategy in which you invest a fixed dollar amount at regular intervals over time, rather than investing a lump sum all at once. This can help reduce the impact of market volatility on your investment returns.
- Keep an eye on market conditions: The stock market can be highly volatile, and it is important to keep an eye on market conditions and news that may impact the price of ACB stock. Stay up-to-date on the latest developments in the cannabis industry and keep an eye on broader market trends.
By following these tips, you can make informed decisions when buying ACB stock online. As with any investment, it is important to do your due diligence and carefully evaluate the risks and potential rewards before making any investment decisions.
How to buy Aurora Cannabis Inc stock online
If you are interested in buying Aurora Cannabis Inc (ACB) stock online, here are some steps to follow:
- Choose a stockbroker: The first step is to choose a stockbroker or an online brokerage firm. There are many reputable online brokerage firms available, such as Robinhood, E*TRADE, TD Ameritrade, and Charles Schwab. Research these firms and choose the one that best fits your needs.
- Open an account: Once you have chosen a stockbroker, you will need to open an account with them. This typically involves providing some personal and financial information, such as your name, address, Social Security number, and bank account information.
- Fund your account: Once your account is open, you will need to fund it with money. Most brokerage firms allow you to fund your account with a bank transfer, credit card, or debit card. Some firms also allow you to fund your account with a mobile payment service like PayPal.
- Search for ACB stock: Once your account is funded, you can search for Aurora Cannabis Inc (ACB) stock. Most online brokerage firms have a search bar or a stock screener that you can use to find the stock.
- Place your order: Once you have found ACB stock, you can place your order. This typically involves selecting the number of shares you want to buy and the price you are willing to pay. You can place a market order, which means you will buy the stock at the current market price, or a limit order, which means you will buy the stock at a specific price.
- Monitor your investment: Once you have bought ACB stock, it is important to monitor your investment. Keep an eye on market conditions and news that may impact the price of the stock, and adjust your order as needed.
How to buy Aurora Cannabis Inc stock on eToro
If you are interested in buying Aurora Cannabis Inc (ACB) stock on eToro, here is a step-by-step guide on how to do so:
- Create an eToro account: If you don’t already have an eToro account, you will need to create one. Visit the eToro website and follow the prompts to sign up for an account.
- Verify your account: Once you have created an eToro account, you will need to verify your identity. This typically involves submitting a copy of your government-issued ID and a recent utility bill or bank statement.
- Fund your account: Before you can buy ACB stock on eToro, you will need to fund your account. You can do this using a credit/debit card, bank transfer, or an e-wallet like PayPal or Skrill.
- Search for ACB stock: Once your account is funded, use the search bar on the eToro platform to find Aurora Cannabis Inc (ACB) stock.
- Open a position: To buy ACB stock on eToro, you will need to open a position. This is essentially a trade that allows you to buy and sell shares of the stock. To do this, click on the “Trade” button next to the ACB stock listing, and enter the amount you wish to invest.
- Set your stop loss and take profit: eToro allows you to set a stop loss and take profit level for your ACB stock position. A stop loss is a price point at which your position will automatically close if the stock price falls to a certain level. A take profit is a price point at which your position will automatically close if the stock price rises to a certain level.
- Monitor your investment: Once you have opened a position in ACB stock, it is important to monitor your investment. Keep an eye on market conditions and news that may impact the price of the stock, and adjust your stop loss and take profit levels as needed.
In summary, to buy Aurora Cannabis Inc (ACB) stock on eToro, you will need to create an account, verify your identity, fund your account, search for the stock, open a position, and monitor your investment. By following these steps, you can buy and sell ACB stock on eToro with confidence.
Frequently asked questions
What is ACB stock?
ACB stock is the stock of Aurora Cannabis Inc, a Canadian company that produces and distributes medical and recreational cannabis products.
How do I choose a brokerage?
When choosing a brokerage, consider factors such as fees, user interface, and trading options. Popular online brokerages that offer ACB stock include Robinhood, TD Ameritrade, and E*TRADE.
How do I buy ACB stock online?
To buy ACB stock online, you’ll need to choose a brokerage, create an account, and fund your account.
