Is Aurora Cannabis Headed for Another Reverse Stock Split?

Is Aurora Cannabis Headed for Another Reverse Stock Split?

Did you know that in five years, shares of Aurora Cannabis (NASDAQ: ACB) have plunged an incredible 99%? In 2020, the company did a 1-for-12 reverse stock split to help get it comfortably up over $1 to stay listed on the NYSE and to give it a bit of a buffer as well, presumably so it wouldn't need to do another reverse split for some time. It would require a copious amount of optimism to be bullish on Aurora's prospects right now.