What's Going On With Weed Stocks Aurora Cannabis And Canopy Growth?

Erica Kollmann

April 09, 2024

Aurora Cannabis, Inc. (NASDAQ:ACB) and Canopy Growth Corporation (NASDAQ:CGC) shares are trading lower Tuesday in sympathy with Tilray Brands, Inc. (NASDAQ:TLRY) which fell after reporting worse-than-expected third-quarter results.

The Details:

Tilray reported quarterly sales of $188.34 million, missing the analyst consensus estimate of $198.5 million by 5.12%. The company also said it no longer expects to generate positive adjusted free cash flow for the full fiscal year 2024.

Cannabis stocks have been climbing following legalization in Germany and optimism surrounding the potential rescheduling of marijuana in the United States.

Related News: What’s Going On With SoFi Technologies Stock?

How To Buy ACB Stock:

By now you're likely curious about how to participate in the market for Aurora Cannabis – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy ';fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.

In the the case of Aurora Cannabis, which is trading at $6.51 as of publishing time, $100 would buy you 15.36 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to ';go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

ACB, CGC Price Action: According to Benzinga Pro, Aurora Cannabis shares are down 7.63% at $6.48 and Canopy Growth shares are down 7.79% at $9.34 at the time of publication Tuesday.

Image: Bob G from Pixabay

Recommended

85% Off Proven Crypto Timing Model - This Weekend Only! - Ad

Trump Is Fast-Tracking These Three Companies - Ad

Weiss Gold Veteran Makes Shocking New Call - Ad

Popular

Why Is Occidental Petroleum Stock Gaining Tuesday?

Analysts highlight OXY's robust earnings, production guidance, and expanded resource base as key growth drivers.

Steve Jobs Once Explained How He Invests Employees Into The Company And Gives Them A Sense Of Ownership: Finance Doesn't 'Drive' People At Apple

Steve Jobs believed in making employees owners by giving stock options and creating an ownership culture to foster loyalty and attract top talent.

Legally "Skim" $6,361 Into Your Account?

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

Shutdown to leave mark on US economy from lost paychecks, canceled flights

WASHINGTON (AP) — The longest federal government shutdown in U.S. history appears to be nearing an end, but not without leaving a mark on an already-struggling economy.

Bitcoin Steady On Thanksgiving; Ethereum, Dogecoin, XRP Dip: Analyst Zeroes In On 'Support That Matters' For BTC

Leading cryptocurrencies paused on Thanksgiving as trading volumes eased over the holiday break.

Trump Triggered 70% Gains Overnight -- This Rare Earths Stock Could Be Next

Trump Triggered 70% Gains Overnight -- This Rare Earths Stock Could Be Next - Ad

Trump's turning tiny mining stocks into overnight fortunes... and this little-known rare earths miner could be his next billion-dollar BUY. If Trump cuts a deal you could see a 50% to 200% pop overnight. But you must act before the next deal hits the wire.

Shell Drags Venture Global To New York Supreme Court Over Disputed LNG Contracts

Shell PLC (NYSE: SHEL) filed appeal challenging its loss in arbitration dispute with Venture Global, claiming crucial info was concealed.

FDA names longtime cancer scientist Pazdur to lead drug center

WASHINGTON (AP) — The Food and Drug Administration on Tuesday named a longtime regulator of cancer medicines to lead the agency's drug center, replacing the who was recently ousted after an .

Elon's $25 Trillion Confession

Elon's $25 Trillion Confession - Ad

Elon Musk: "Tesla will become a $25 trillion company." That would make Tesla 8x bigger than Apple today. How is that possible? He admits it's all thanks to this one AI breakthrough that will take AI out of our computer screens and manifest a 250x boom here in the real world.

Cathie Wood Dumps $11.6 Million Worth Of Tesla Stock: Here Is What Ark Purchased Instead

On Wednesday, Cathie Wood-led Ark Invest made significant trades involving Tesla Inc. (NASDAQ:TSLA), Coinbase Global Inc.

Congo And Rwanda Presidents To Meet Trump In Washington For Peace Deal

The presidents of the Democratic Republic of Congo and Rwanda are reportedly set to visit Washington next week to sign a peace agreement and meet with U.S. President Donald Trump.

Time to Say Goodbye to "Old" Dollar? Say Hello to "Trump's New Dollar"

Time to Say Goodbye to "Old" Dollar? Say Hello to "Trump's New Dollar" - Ad

If you have any money in U.S. dollars... learn how to prepare for "Trump's new dollar"... Because this could be the biggest change to our financial system in 54 years. President Trump even called it: "The greatest revolution in financial technology since the birth of the internet itself."

AI country hit 'Walk My Walk' built on Blanco Brown's sound sparks questions of attribution, ethics

LOS ANGELES (AP) — When an country song called hit No. 1 on Billboard's country digital song sales chart this month, it was credited to a fictional artist named Breaking Rust — a white, digitally generated avatar that didn't exist two months ago.

These 8 Democrats voted with Republicans on the government shutdown deal. Here's how they explain it

WASHINGTON (AP) — The Democratic senators — eight in total — faced almost instant blowback from members of their own party as to allow the Senate to move forward on that would reopen the government.

The Market Just Crossed a Dangerous Line

The Market Just Crossed a Dangerous Line - Ad

The man who predicted the 2008 crash and 2020 says today's soaring markets are NOT a bubble - they're something far stranger and more dangerous. He says it's about to change everything you know about money.

Trump's $2,000 Tariff Dividend Stumbles On Math: Cost Far Exceeds Revenue

Trump's $2,000 tariff rebate plan faces a major math gap, with estimated costs up to $606.8B—far exceeding tariff revenues in 2025 and 2026, says the Tax Foundation.

Warren Buffett Only Has Couple Of Rules For People Who Want To Work For Him, But Here's One Habit He Particularly Detests

Buffett instructs Berkshire Hathaway employees to think like owners and report bad news immediately. He values long-term investments and integrity.

Trump Signs Law to Launch Dollar 2.0

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Joan Branson, wife of British billionaire Richard Branson, dies at 80

Joan Branson, the wife of British billionaire Richard Branson, has died at age 80.

Is China Facing Another Country Garden? Vanke's Bond Collapse Sparks Concern

China's property crisis deepens as top developer China Vanke faces debt problems, raising fears of another Evergrande-like scenario.

"Tech Prophet" Who Predicted the iPhone Now Predicts...

"Tech Prophet" Who Predicted the iPhone Now Predicts... - Ad

George Gilder - who predicted the iPhone 17 years early and gave Reagan the first microchip - is making his boldest call yet. He says an American nanotech "super-convergence" could mint more millionaires than any event in recent memory. He's found 3 stocks set to benefit the most.

JPMorgan Forecasts Bitcoin Bottom, Anticipates $28.3 Trillion Challenge To Gold By 2026

Analysts at JPMorgan have pinpointed the lowest point of the ongoing Bitcoin (CRYPTO: BTC) price fall and also projected a substantial chall

Trump Says US Could 'Completely' Or 'Substantially' Cut Income Tax Over Couple Of Years Thanks To 'Large' Tariff Revenues

President Donald Trump hinted at a sweeping shift in U.S. federal tax policy, suggesting that the massive tariff revenues that the government is earning could go towards offering significant relief for low and middle-income taxpayers.

85% Off Proven Crypto Timing Model - This Weekend Only!

85% Off Proven Crypto Timing Model - This Weekend Only! - Ad

Juan Villaverde's crypto timing model has called every major market turn since 2012. It's now signaling the next big move, and he believes these coins could have big upside. With the market at a critical moment, you can access his latest signals this weekend for just $19.

Turkish official says Black Sea tankers may have been hit by mines, missiles or drones

ISTANBUL (AP) — Two oil tankers said to be part of Russia’s “shadow fleet” that were set ablaze off Turkey’s Black Sea coast may have been hit by mines, drones or missiles, a senior Turkish official said Saturday.

Trump Has Some Tough Words For Marjorie Taylor Greene After Promising To 'Do Everything' He Can To Help Make Syria 'Successful'

Trump vows to make Syria successful after meeting with former al Qaeda commander, amid extended sanctions relief and GOP criticism.

Trump Is Fast-Tracking These Three Companies

Trump Is Fast-Tracking These Three Companies - Ad

The Trump administration is planning to invest DIRECTLY in a small sector of the stock market... And they just revealed the names of three potential targets.

Trump Pressures Taiwan To Train US Workers As TSMC Struggles In Arizona: Report

The Trump administration is reportedly pressing Taiwan, including TSMC, to invest more in U.S. semiconductor manufacturing.

Armani fashion group appoints new board to guide company after designer's death

ROME (AP) — Italy’s fashion house Armani said on Friday that it has appointed a new board whose role will be to guide the company at a time of transition following of its founder Giorgio Armani earlier this year.

Weiss Gold Veteran Makes Shocking New Call

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

Zohran Mamdani Says No More Thanking Veterans Today, Forgetting Tomorrow — Trump, Obama And Others Express Gratitude For Service

America's top political and tech leaders — including Donald Trump, Barack Obama, Tim Cook, and Sundar Pichai — marked Veterans Day 2025 with tributes honoring the courage and sacrifice of U.S. service members.

Veterans Day: What's open, what's closed

WASHINGTON (AP) — The Veterans Day holiday began more than a century ago, albeit under a different name, as a celebration of the end of World War I. Over time its name and purpose evolved into a day of recognition for of as well as those currently serving in uniform.

Legally "Skim" $6,361 Into Your Account?

Legally "Skim" $6,361 Into Your Account? - Ad

AI Bots Are Crowding Out Human Traders On Blockchain Networks

While crypto traders focus on XRP exchange-traded fund launches, a more significant transformation is underway. Autonomous AI agents are taking over as primary blockchain network participants, requiring infrastructure that operates differently from systems designed for humans.

Lawsuit challenges TSA's ban on transgender officers conducting pat-downs

A Virginia transportation security officer is accusing the U.S. Department of Homeland Security of sex discrimination over a policy that bars transgender officers from performing security screening pat-downs, according to a federal lawsuit.

Trump Triggered 70% Gains Overnight -- This Rare Earths Stock Could Be Next

Trump Triggered 70% Gains Overnight -- This Rare Earths Stock Could Be Next - Ad

Warren Buffett Initiates Alphabet Position, Trims Apple In Q3 — Here Are Berkshire's Moves

Warren Buffett's Berkshire Hathaway took a new stake in a member of the Magnificent Seven, while lowering its stake in Apple in the third quarter.

Amazon's $150 Billion AI Capex Surge Could Force Its First Big Bond Deal In Years

Amazon may need to tap Wall Street for funds as it faces rising AI and data center spending, despite sitting on $84 billion in cash.

Elon's $25 Trillion Confession

Elon's $25 Trillion Confession - Ad

All 14 victims identified from fiery UPS cargo plane crash in Louisville

LOUISVILLE, Ky. (AP) — A grandfather and his young granddaughter. An electrician with two young children. A woman standing in line at a scrap metal business.

Trending Now