Article: Billionaires and Cannabis Stocks -> Aurora To make up for my accidental post earlier, here is an article out this morning that mentions ACB.
Clips from Article:
Unfortunately, Wall Street and investors overlooked the fact that every next-big-thing investment needs time to mature. For the past 17 months, growing pains have walloped marijuana stocks, with supply issues persisting throughout Canada and high tax rates on legal product in select U.S. states making it difficult for licensed producers to compete against the black market.
But the tide may be shifting.
Two weeks ago, Aug. 14 marked the deadline for money managers and companies with at least $100 million in assets under management to file Form 13F with the Securities and Exchange Commission. A 13F provides a snapshot of what the smartest and richest money managers were up to in the most recent quarter -- in this case, the highly volatile second quarter.
One interesting data point that stands out is that billionaire money managers added to or opened a stake in a number of cannabis stocks. Innovative Industrial Properties, GrowGeneration, Aurora Cannabis, Hexo, GW Pharmaceuticals, Scotts-Miracle Gro, OrganiGram, and Tilray all saw their aggregate ownership by 13F filers increase in Q2 from the sequential first quarter.
Link to Full Article:
https://www.fool.com/investing/2020/08/28/the-only-2-cannabis-stocks-billionaires-sold-in-q2