If you do not know exactly how to research stocks before investing then the next best thing you can do is watch what the experts who know how to do the proper researching are doing.
For anyone who wants to get in on the marijuana investments but just don’t know which company is a good bet they should be interested to know that a big fund just brought up a ton of Aurora Cannabis.
British Columbia Investment Management just bought 290,404 shares of Aurora Cannabis (ticker: ACB) stocks. The manager of the Canadian province’s public funds disclosed the trades, among others, in a form it filed with the Securities and Exchange Commission.
Aurora Cannabis stock cratered 68% in 2020, but so far in 2021, it is up 50.2%. In contrast, the S&P 500 index, a measure of the broader market, rose 16.3% last year, and gained 4.8% so far in 2021.
Earlier this month, three Democratic senators led by Majority Leader Chuck Schumer said they would make marijuana-reform legislation a key priority, sending the sector soaring. Reddit message-board users have focused on the marijuana sector for trading, adding to the volatility. Speaking of volatility, on Friday alone Aurora Cannabis stock tumbled nearly 14% on disappointing results.
18 Karat Reggae is recommending Aurora Cannabis because of the interest it is garnering from big funds. The other marijuana stock that we have recommended is Sundial Growers because of it over $600 million in cash and no debt on its balance sheet. HAPPY INVESTING!