CST portfolio holding Aurora Cannabis (ACBFF) released some highly anticipated great news on Friday.
Aurora revealed it will up list its shares to the NYSE later this month.
This is another nice win for cannabis stocks, the member-exclusive model portfolio, and Aurora.
At the highest level, it shows how legit the cannabis industry has become in just the last two years.
Two years ago it would have been laughable to have some ‘unknown, international weed stock’ trading on the NYSE.
Today Aurora looks like a global heavyweight:
- $10 billion market cap
- early global leader
- huge international presence
- one of the lowest cost providers in the market
- potential deal with big, global consumer brand
Aurora was up 6% on the news.
Not only does the up listing give Aurora a lot of credibility and access to billions in new potential capital inflows – Aurora has major momentum on the chart.
Shares have rebounded big in the last two months, up more than 160% from the 2018 low.
If Aurora can clear the 52-week high, double top from January – I expect shares to make a push into a new all-time high.
My Plan For CST Members
I’ve just shared my plan for Aurora (ACBFF) with CST members.
Become a member of Cannabis Stock Trades right now with a free trial.
Log in, review my plans, and share your thoughts with other cannabis stock traders!
Editor, Cannabis Stock Trades