#2 - Aurora Cannabis (TSE:ACB-CA)
Aurora Cannabis (ACB-CA: Toronto Stock Exchange) - This Canadian company is set to benefit from Canada’s repealing of their prohibition on cannabis which will go into effect on October 17, 2018. With the ability to produce an estimated 570,000 kilograms at peak production, they are the presumptive largest producer in Canada. But that’s just the tip of the iceberg. Although ACB trades on the Toronto Stock Exchange, it recently announced plans to become dual-listed on both the Toronto Stock Exchange and on a major U.S. stock exchange. This will make the stock open to U.S. institutional investors. And Aurora will definitely want access to that capital. But not for the reasons some might think. Wherever you stand personally on the idea of legalizing marijuana, the recreational market is not the real story. Neither is the medicinal market, although that has served a large purpose in taking the stigma off of the product. If you’re thinking about dipping your toes into cannabis stocks, you need to understand the word disruption. Disruption is a fancy term that basically means how a product can be used across many sectors. In other words, how disruptive can it be? As it turns out, cannabis is looking pretty darn disruptive and that makes Aurora Cannabis a great play. That’s because The Coca-Cola Company has announced that it has conducted at least exploratory talks with Aurora to partner with them to create cannabis-infused beverages. This would involve cannabis’ non-psychoactive CBD as the ingredient.
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- Current Price
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- Consensus Rating
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- Consensus Price Target
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