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Stock impact report

Is It Time to Load Up on Aurora Cannabis Stock? [Yahoo! Finance]

Aurora Cannabis Inc. - Common Shares (ACB) 
Company Research Source: Yahoo! Finance
Industry projections suggest it could grow from $57 billion in 2023 to $444 billion by 2030. This potential 7.7-fold increase over seven years translates to a compound annual growth rate of 34%, dwarfing the growth rates of many traditional industries. Against this backdrop of industrywide potential, Canadian marijuana titan Aurora Cannabis (NASDAQ: ACB) has emerged as an unexpected bright spot in 2024. While most of its Canadian counterparts have wilted this year, Aurora's shares have blossomed with a 13% gain year to date. This performance starkly contrasts with industry peers Canopy Growth Corp. and Tilray Brands , which have seen their stocks wither by 18.5% and 28.2%, respectively. Aurora's resilience in a challenging market for marijuana stocks raises an intriguing question for speculative growth investors: Is Aurora Cannabis stock still ripe for the picking after its strong performance over the first three quarters of 2024? Let's dig deeper to unearth the answer. Medical Show less Read more
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