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Bullish Case: ACB recent surge and DEA’s potential rescheduling hint at market expansion and reduced tax burdens, possibly reviving investor sentiment.


Bearish Case: Despite recent gains, ACB’s long-term downtrend and low price to book ratio reflect underlying investor skepticism and financial fragility.


Potential Outcomes:

1. DEA reschedules cannabis, lifting sector; ACB up (40%).

2. Hype fades; ACB retests lows (60%). Timing: short to mid-term.


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April 04, 2024


Aurora Cannabis Forecast

ACB        Aurora Cannabis
Price Forecast: BULLISH    Price Action: TRENDING (?)






Correlated Stock Forecasts

Assets that tend to move strongly with ACB



JANX Forecast + Options Trading Strategies   [JANX]  Janux Therapeutics (0.77)


EBAY Forecast + Options Trading Strategies   [EBAY]  EBay (0.75)


BCS Forecast + Options Trading Strategies   [BCS]  Barclays (0.73)


CNK Forecast + Options Trading Strategies   [CNK]  Cinemark (0.72)


CTVA Forecast + Options Trading Strategies   [CTVA]  Corteva (0.65)



Uncorrelated Stock Forecasts

Assets with little price relationship to ACB



FWRD Forecast + Options Trading Strategies   [FWRD]  Forward Air (-0.0)


IAT Forecast + Options Trading Strategies   [IAT]  BlackRock Institutional Trust Company N.A. - iShares U.S. Regional Banks (-0.0)


QQQM Forecast + Options Trading Strategies   [QQQM]  Invesco Exchange-Traded Fund Trust II - Invesco NASDAQ 100 (-0.0)


EXEL Forecast + Options Trading Strategies   [EXEL]  Exelixis (-0.0)


UBER Forecast + Options Trading Strategies   [UBER]  Uber (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against ACB



AAPL Forecast + Options Trading Strategies   [AAPL]  Apple (-0.54)


LNN Forecast + Options Trading Strategies   [LNN]  Lindsay (-0.57)


WMT Forecast + Options Trading Strategies   [WMT]  Walmart (-0.6)


TDS Forecast + Options Trading Strategies   [TDS]  Telephone And Data Systems (-0.61)


IGV Forecast + Options Trading Strategies   [IGV]  BlackRock Institutional Trust Company N.A. - iShares Expanded Tech-Software Sector (-0.63)





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