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Legal cannabis stocks are surging . . . one pot stock stock has nearly tripled in price. And that’s encouraging investors to snap up shares of promising pot stocks.
Go here for details on the $0.25 Pre-IPO – BEFORE shares start trading.
Aurora Cannabis (NYSE: ACB) is one of Canada’s biggest cannabis stocks.
Within the last two weeks the pot stock surged 280%!
Top Canadian Pot Stock Triples
Shares had fallen to below $0.50.
That meant Aurora Cannabis was at risk of being delisted by the New York Stock Exchange. The NYSE can stop trading in stocks if their share price falls below $1.
Go here for my #1 new cannabis Pre-IPO.
Why Is Aurora Cannabis Surging?
It all started on May 11.
That’s when the company completed a 12-for-1 reverse stock split. Existing shareholders would receive 1 share of stock for every 12 they owned.
The move immediately adjusted the share price above $5.
Aurora followed this up with news of a 34% increase in revenues. And that sent the stock higher again.
Finally, the company announced that it would acquire a U.S. CBD company in an all-stock deal.
Reliva will be acquired by Aurora in a $95 million deal. Reliva is the leading U.S. hemp brand that’s sold in retail stores.
Cannabis stocks have been under pressure in 2019 and 2020. Yet the steep decline means that the entire sector has now bottomed out.
Aurora isn’t alone…
The Horizons Marijuana ETF (TSE: HMMJ) is up 40% since early April.
Horizons is the oldest ETF tracking the legal cannabis sector. And this sizable move indicates renewed investor interest in the entire sector.
Right now, it looks like we’re in the early innings of a major comeback.
One privately held pot stock could become the lowest-cost producer in North America. And the company is using this misunderstood secret to grow cannabis and dominate the market.
Click here for urgent details – and you could claim shares for just $0.25.
Yours in Health & Wealth,
Ian Wyatt