Is Aurora Cannabis Attractive?
Aurora Cannabis (ACB) is one of the best marijuana shares for investors. The company achieved the fourth quarter 14th result. The company delivered sequential net sales growth of 20% to $ 65 million from $ 54 million in the previous quarter. Aurora Cannabis delivered net sales growth of 305% YoY (the previous year) from $ 16.1 million. The shares have since moved since the revenues in the third quarter. Aurora Cannabis closed at 11.7 Canadian dollars on May 14. ETFMG Alternative Harvest ETF (MJ) closed 1.7% higher at $ 33.9. Let's see if the inventory seems attractive based on the valuation.
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Aurora Cannabis traded at a forward sales volume of 14.2x, which was lower compared to its 14 valuation The stock continued to trade at a substantial premium to its 6.4 x 15 May media share lot, which also traded over the historic average of 10.4 x
Canopy Growth (WEED) traded forward majority of 22.0x, while Cronos Group (CRON) traded with a forward majority of 25.3x. relatively lower number of 13.0x. Aphria (APHA) traded with a majority of 3.1x. Compared to the above-mentioned shares, Aphria experienced a negative feeling after the proceeds. Aphria recorded a depreciation related to the acquisition in Latin America.