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Summary: Aurora Cannabis (ACB) is a Canadian-based company that operates in the cannabis industry. One of the most convenient ways to buy Aurora Cannabis stock is through a reputable brokerage platform, such as eToro.
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About Aurora Cannabis
Aurora Cannabis is a Canadian-based company that operates in the cannabis industry. Founded in 2013, it has become one of the largest and most well-known cannabis producers globally. The company is involved in cultivating, producing, and distributing medical and recreational cannabis, making it an attractive option for investors looking to capitalize on the growing legal cannabis market.
Aurora Cannabis IPO
Aurora Cannabis went public with an IPO on the Toronto Stock Exchange (TSX) back in 2014 and later joined the New York Stock Exchange (NYSE) in 2018. However, back in May 2021, it moved its US listing to the NASDAQ, where it now trades under the ticker symbol ACB.
How to buy Aurora Cannabis stock: Step-by-step
If you’re looking to buy Aurora Cannabis stock, feel free to check out our step-by-step guide below:
Step 1: Choose the right broker
To invest in Aurora Cannabis stock, you’ll need to open an account with a brokerage firm. Namely, a brokerage is a platform that allows you to buy and sell stocks. In this case, our go-to broker for buying Aurora Cannabis stock is eToro, a widely popular and fully regulated platform that features a number of useful features, such as:
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 different exchanges;
- The option to purchase fractional shares;
- Charting tools;
- A user-friendly platform that simplifies the trading experience.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
For more investment opportunities in the medical industry, you can explore the following guides:
Step 2: Fund your account
Once you’ve chosen a broker, you’ll need to fund your account. Most brokers offer multiple funding options, including bank transfers, credit/debit cards, and electronic wallets. Nevertheless, you should make sure that your account has sufficient funds to cover the purchase of Aurora Cannabis stock.
Step 3: Place an order
With your account funded, it will be time to place your order for ACB stock. So, log in to your brokerage account and navigate to the trading platform. Search for Aurora Cannabis using its stock symbol ACB and select the number of shares you wish to purchase.
There are two primary types of orders—market orders and limit orders. Remember that a market order will execute at the current market price, while a limit order allows you to specify the maximum price you are willing to pay. So, choose the order type that aligns with your investment strategy and risk tolerance.
Aurora Cannabis stock price today
Pros and cons of buying Aurora Cannabis stock
Before making any investment, it’s essential to weigh the potential benefits and risks. Therefore, here are some pros and cons of investing in Aurora Cannabis stock:
Pros
- Growth potential: The cannabis industry is experiencing rapid growth, and Aurora Cannabis is positioned as a key player;
- Diversification: Investing in Aurora Cannabis allows you to diversify your portfolio, potentially mitigating risk;
- Increasing acceptance: As cannabis legalization expands globally, companies like Aurora Cannabis may benefit from increased acceptance and market access.
Cons
- Volatility: The stock market, especially in the cannabis sector, can be volatile. Prices may experience significant fluctuations;
- Regulatory challenges: Cannabis companies face ongoing regulatory challenges, which can impact their operations and stock performance;
- Competition: The cannabis industry is competitive, and Aurora Cannabis faces competition from other established and emerging players.
If you’re looking to start investing in the marijuana industry, take a look at some of the best cannabis stocks out there:
- How to Buy Green Thumb Industries Stock;
- How to Buy MariMed Stock;
- How to Buy Organigram Stock;
- How to Buy TerrAscend Stock;
- How to Buy Curaleaf Stock;
- How to Buy Verano Stock;
- How to Buy Trulieve Cannabis Stock;
- How to Buy Charlotte’s Web Stock;
- How to Buy Cronos Stock;
- How to Buy Jazz Pharmaceuticals Stock.
Common mistakes when investing in stocks
While investing can be rewarding, there are pitfalls to avoid. Hence, here are some common mistakes to steer clear of when buying stocks, including Aurora Cannabis:
- FOMO: Don’t succumb to the pressure of buying a stock simply because others are doing it. Conduct thorough research and make informed decisions;
- Ignoring fees: Be aware of transaction fees, account maintenance fees, and other charges associated with buying and holding stocks. These costs can impact your overall returns;
- Lack of research: Avoid investing in a stock without understanding the company’s fundamentals, industry trends, and potential risks. Research is crucial for making informed investment decisions.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy Aurora Cannabis stock
Is Aurora Cannabis publicly traded?
Yes, Aurora Cannabis is publicly traded. It’s listed on both the Toronto Stock Exchange (TSX) and the NASDAQ under the ticker symbol ACB.
Does Aurora Cannabis pay dividends?
No, Aurora Cannabis doesn’t pay dividends. The thing is—cannabis companies, in general, have been more focused on growth and expansion rather than distributing dividends.
Who is Aurora Cannabis owned by?
Aurora Cannabis is owned by its shareholders, as it is a publicly traded company. The ownership is distributed among individuals and institutional investors who hold shares of the company’s stock.
Can I buy Aurora Cannabis stock on any brokerage platform?
While many brokers offer access to Aurora Cannabis stock, it’s essential to choose a platform that supports trading on the NASDAQ exchange, like eToro, where ACB is listed.
Is there a minimum investment required to buy Aurora Cannabis stock?
The minimum investment varies depending on the broker and the current stock price. Some brokers may have their own minimum account balance requirements, so check the terms and conditions.
What factors can influence the price of Aurora Cannabis stock?
Several factors, including regulatory changes, industry trends, financial performance, and overall market conditions, can influence the price of ACB stock. Therefore, stay informed about these factors to make well-informed investment decisions.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
