It's pretty good news for Aurora Cannabis investors who were patient as negative article after negative article helped push the stock down to an all-time 52 week low of $1.52.
I talked a bit about why I thought Aurora Cannabis stock was a good investment under $2 even though many investors set a target pricve of $1. You can check out that video here:
Here's a couple takeaways from the recent run up over $2. First off, the Cannabis sector has been sold off for most of 2019 and the stocks are relatively cheap comparable to their long term value.
Secondly, I think Aurora Cannabis has one of the best international marketing strategy and produces some of the cheapest Cannabis with higher resale value. Aurora 2.0 will only help the equiation as more consumers realize the health benefits of CBD oil and its related products.
So I picked up 100 shares at a cost basis of $1.82 and will see what happens with the stock. For more information on why I'm buying, check out this video:
Tarik Pierce is the founder of InvestorTrip.com and regularly contributes articles to this website.
While living overseas, he uses PureVPN for a low cost VPN service.
He recommends Bluehost for setting up your own personal and/or business blog.
While his background is mostly related to trading stocks, he recently gained interest in real estate crowdfunding with Fundrise.