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Home » Investor News » What to Do With ACB, TCNNF After Big Market Hit: Cannabis
Mailbag


WHAT TO DO WITH ACB, TCNNF AFTER BIG MARKET HIT: CANNABIS MAILBAG

Posted by Matthew Clark | Aug 26, 2022 | Investing

55 second read



In this week’s Marijuana Market Update, I dive into a couple of cannabis stocks
that a viewer wrote in about: Aurora Cannabis Inc. (Nasdaq: ACB) and Trulieve
Cannabis Corp. (OTC: TCNNF).

William wrote me at Feedback@MoneyandMarkets.com and asked:

> I am wondering if there are any cannabis stocks worth buying now. I was
> looking at Aurora Cannabis and Harvest Health. Are these a buy now as they
> have been hit hard?
> 
> William

William, thanks for your question.

Let’s take a closer look at these companies to get an answer.








AURORA CANNABIS (NASDAQ: ACB) ANALYSIS

First up is Aurora Cannabis, an all-encompassing company based in Edmonton,
Alberta.

ACB sells dried cannabis, oil, capsules and topical kits to international
consumers.

Aurora’s brands include:

 * Aurora.
 * Aurora Drift.
 * San Rafael ’71.
 * Daily Special.
 * AltaVie.
 * CanniMed.
 * And Woodstock.

We’ll start with its Cannabis Power Rating:



ACB rates a “Neutral” 44 on my rating system, which compares all cannabis stocks
to each other based on momentum and value.

It scores a 78 on value. Its price-to-sales ratio (P/S) of 1.73 is lower than
the industry average of 1.98.

Aurora has a price-to-book value ratio (P/B) of 0.36, which is almost three
times lower than the 1.05 industry average.

Aurora also has a negative price-to-earnings ratio (P/E). The company isn’t
turning a profit yet.

ACB’S Bearish Momentum



On momentum, Aurora scores a “Bearish” 21, as the stock dropped almost 80% over
the last 12 months.

You see some small spikes in February, March and May — when headlines reported
potential cannabis legalization in the U.S.

The stock has moved up from its 52-week low set in June, but for the most part,
it’s trading flat.

One potential benefit for Aurora is its foothold in Germany.


ACB SET TO BENEFIT FROM CANNABIS LEGALIZATION IN GERMANY

The German government is on the verge of legalizing adult-use cannabis across
the country.

Aurora already has a production facility there that supplies medical cannabis to
the population.

If legalization passes, ACB can pivot to producing adult-use recreational
cannabis and be one of the first in a market that’s valued at $12.6 billion!


TRULIEVE CANNABIS CORP. (OTC: TCNNF) ANALYSIS

William asked about Harvest Health and Recreation, but Trulieve bought that
company for $2.1 billion last year.

The deal created one of the largest U.S. cannabis operators at the time.

This Florida-based multistate operator (MSO) is the largest medical cannabis
producer in the Sunshine State.

It also operates dispensaries in:

 * Pennsylvania.
 * Arizona.
 * California.
 * Maryland.
 * Massachusetts.
 * West Virginia.
 * And Connecticut.

Trulieve scores a “Bearish” 33 on my Cannabis Power Ratings system.



It scores a 61 on my value metric, with P/S and P/B ratios all even with
cannabis production industry averages.

Like Aurora, Trulieve has a negative P/E, while the industry average is 21.7.

The company is moving into Georgia, and Trulieve CEO Kim Rivers told Yahoo
Finance she’s “cautiously optimistic” about broader cannabis efforts at the
federal level.

Let’s look at Trulieve’s momentum:

TCNNF Is Also Struggling



Much like Aurora, Trulieve’s stock price has taken a hit.

TCNNF is down more than 50% over the last 12 months!

Trulieve rallied from its July low but trades below its 50-day simple moving
average.


FINAL RECOMMENDATIONS FOR ACB & TCNNF

Both companies are positioned for solid futures as Aurora picks up in Germany
and Trulieve uses its Florida model to expand to other states.

Aurora has better value metrics than Trulieve, but Trulieve’s stock price has
not dropped as fast as ACB’s.

Bottom line: Neither of these stocks is showing significant enough momentum to
warrant a full-on buy right now.

I like the prospects of both companies, but I’m not sure that now is the time to
start investing in them.

I hope that answers your question, William.

That’s all for me this week.

One more thing: Any questions? You can get Money & Markets swag by submitting a
question for me, Adam O’Dell or Charles Sizemore that we’ll use in any of our
videos. Just send us your questions and feedback.




WHERE TO FIND US



Make sure you subscribe to our YouTube channel and get notified each and every
time we post a new video.

We have a lot of great weekly video features on our channel, including:

Ask Us Anything — Adam, Charles and I answer your investing questions.

The Stock Power Podcast — Our weekly podcast where I show you the trends and
analysis that move the market.

All these series are on our YouTube channel.

Also, you can follow me on Twitter (@InvestWithMattC), where I’ll give you even
more insights, not just on the cannabis market. You can also check out my new
Stock Power Daily series on the Money & Markets website. I give you a new stock
every day that I expect to outperform the market based on our proprietary Stock
Power Ratings system.

Safe trading,



Matt Clark, CMSA®

Research Analyst, Money & Markets

Matt Clark is the research analyst for Money & Markets. He’s the host of our
podcast, The Stock Power Podcast, as well as the Marijuana Market Update. He’s
also a certified Capital Markets and Securities Analyst through the Corporate
Finance Institute. Before joining the team, he spent 25 years as an
investigative journalist and editor — covering everything from politics to
business.

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