Cannabis Stocks Weekly Recap

: ACB | Aurora Cannabis Inc. News, Ratings, and Charts

ACB – This week in the cannabis sector, we saw news out of Aurora Cannabis (ACB) and GW Pharmaceuticals (GWPH), and Aphria (APHA) continues its slide.

This has been a volatile week for the cannabis sector as COVID infections continue to hit records in the United States. The ETFMG Alternative Harvest ETF (MJ) has been going up and down all week. It was priced at $13.19 on Monday afternoon, then dropped to $12.64 on Thursday morning, and is now back up to $13 as of Friday afternoon.

Aurora Cannabis (ACB) Appoints New CCO 

Aurora Cannabis (ACB) continues to execute on their business transformation plan. The company appointed Miguel Martin, President of Aurora USA, and head of Reliva to the chief commercial officer of Aurora. Mr. Martin replaces Darren Karasiuk, who has held this position at Aurora since February 2019. 

Michael Singer, Executive Chairman and Interim CEO of Aurora, said, “This appointment allows us to take full advantage of Miguel’s depth of international CPG experience to drive Aurora’s revenues and brand strength in our global core markets.”

Investors are still waiting for the company to announce a new CEO. Singer remains interim CEO for the time being. Despite the positive news, ACB stock continued to slide, falling below $12. 

Analysts Remain Bullish on GW Pharmaceuticals (GWPH)

Despite the uncertainty surrounding a possible second wave of COVID-19, analysts covering GW Pharmaceuticals (GWPH) remain bullish. H.C. Wainwright analyst Douglas Tsao recently affirmed his Buy rating on the stock. Tsao set a price target of $161. Tsao also expects the company to post earnings per share (EPS) of $0.00 for the third quarter of 2020. That would be GWPH’s first flat quarter as the company moves closer to profitability.

As Epidiolex sales ramp up across the globe, I believe there is nothing to stop GWPH from hitting $200 per share over the next 12 months. 

Aphria (APHA) Continues to Slide

Despite being the number one cannabis pick among many analysts, Aphria (APHA) can’t find footing in this market. The stock has been trading around $4 per share over for the past month. As cannabis sales are forecasted to show weaker sales in the second quarter, I understand why investors are more bearish.

Despite the low trading range, APHA was profitable well before its peers, which makes me a lot more confident about the stock. Keep your eyes on APHA over the next few weeks, especially if volatility picks up.

Want More Great Investing Ideas?

9 “BUY THE DIP” Growth Stocks for 2020

Is the Bull S#*t Rally FINALLY Over?

7 “Safe-Haven” Dividend Stocks for Turbulent Times

Top 3 Investing Strategies for 2020


ACB shares were trading at $11.91 per share on Friday afternoon, up $0.14 (+1.19%). Year-to-date, ACB has declined -54.05%, versus a -0.65% rise in the benchmark S&P 500 index during the same period.


About the Author: Aaron Missere


Aaron is an experienced investor who is also the CEO of Departures Capital. His primary focus is on the cannabis industry. He also hosts a weekly show on YouTube about marijuana stocks. Learn more about Aaron’s background, along with links to his most recent articles. More...


More Resources for the Stocks in this Article

TickerPOWR RatingIndustry RankRank in Industry
ACBGet RatingGet RatingGet Rating
GWPHGet RatingGet RatingGet Rating
APHAGet RatingGet RatingGet Rating

Most Popular Stories on StockNews.com


Does Trump Change Stock Market Outlook?

The rally of the S&P 500 (SPY) after the election gives a sense that investors are happy that Trump was elected. But perhaps there is more to this story than meets the eye. That’s why Steve Reitmeister shares his updated market outlook taking into account the pros and cons of Trumps proposed new policies. This comes with a preview of his top 11 stocks to buy now.

3 Streaming Stocks Benefiting from Cord-Cutting Trends

As streaming continues to dominate the digital entertainment landscape, the global streaming market presents a lucrative investment opportunity. So, it could be ideal to invest in fundamentally solid streaming stocks Netflix (NFLX), Walt Disney (DIS), and Roku (ROKU). Read further...

3 Gold Stocks to Buy as Safe-Haven Demand Grows

Gold is a stable investment now due to its role as a safe-haven asset during economic uncertainty, rising demand, industrial use, and growth, bolstered by central bank purchases and interest rate cuts. Therefore, investors should consider investing in top gold stocks such as Newmont (NEM), Barrick Gold (GOLD), and Agnico Eagle Mines (AEM). Read more...

3 AI Stocks Transforming Industries and Driving Future Growth

With rapid digitalization, rapid adoption, and development, as well as surging demand, the AI market is on the rise. Amid this backdrop, investors could buy fundamentally solid AI stocks NVIDIA Corporation (NVDA), Microsoft (MSFT), and Meta Platforms (META) poised for substantial gains. Continue reading...

Updated Stock Market Expectations

The S&P 500 (SPY) has already reached an impressive goal of hitting 6,000. Yet you can see how much shares are struggling now up against this resistance. Steve Reitmeister shares his views on what comes next for the market and his top 10 stocks to stay on the right side of the action.

Read More Stories

More Aurora Cannabis Inc. (ACB) News View All

Event/Date Symbol News Detail Start Price End Price Change POWR Rating
Loading, please wait...
View All ACB News