James Alexander Michie: Aurora Cannabis makes its way on NYSE | Seeking Alpha

Cannabis

On October 23, Aurora Cannabis (ACBFF) will be established as the fourth Canadian cannabis company to receive a quote in the EE.UU because it will leave OTC to break through on the NYSE. Likewise, it will start to be commercialized as ACB in the New York Stock Exchange. It is necessary to point out that despite the legalization of cannabis, it has been a difficult week for the shareholders of cannabis. Even so, Aurora Cannabis continues to rise 55% in the last three months and 300% in the last year (from C $ 2.86 / share to C $ 11.42 / share).

Similarly, it has been said that cannabis companies will continue to win in the long term as popular support continues to gather behind the legalization of cannabis. In fact, according to data from a recent survey in the United States, it shows that support for legalizing cannabis is at an all-time high, with two-thirds of Americans supporting legalization.

Coupled with this, Americans are not the only ones, since the liberalization of cannabis has established itself as a global trend and is not limited to the United States and Canada.

Meanwhile, based on preliminary data, Aurora Cannabis potentially holds the most popular cannabis brand in Ontario Aurora.

On the other hand, their peers, such as Canopy Growth (CGC), will benefit from this liberalization trend.

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Source: Jonathan Cooper | Seeking Alpha

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