5 Best Tobacco and Cigarette Stocks to Invest In

3. Aurora Cannabis Inc. (NASDAQ:ACB)

Aurora Cannabis Inc. (NASDAQ:ACB) is one of the 10 best tobacco and cigarette stocks to invest in.

As of April 15 closing, broader consensus sentiment around Aurora Cannabis Inc. (NASDAQ:ACB) was strongly bullish. The stock received coverage from 3 analysts, all of whom assigned Buy ratings. With a median 1-year target price of $6.68, it yields more than 85% upside potential at the current level, making it an attractive investment opportunity within the cannabis space.

Another interesting aspect of the case is the company’s inorganic growth strategy. On April 15, it acquired Safari Flower Co., a company engaged in the cultivation and manufacturing of cannabis. This stock-and-cash deal is valued at a sum of around $26.5 million and involves a $2 million contingent cash payment.

The transaction gives Aurora access to Safari’s 59,000-square-foot Ontario facility for indoor cultivation and manufacturing. Aurora views this acquisition to be in line with the company’s expansion strategy, which will also facilitate penetration into international markets. It is pertinent to mention that the Ontario facility holds the EU Good Manufacturing Practices certification, which would enable access to the EU region.

Aurora Cannabis Inc. (NASDAQ:ACB) is a producer and seller of cannabis and related products. The company is also engaged in pharma-grade medical cannabis and related consumer cannabis products. Other offerings include floral plants, dried cannabis, concentrates, capsules, edible cannabis, and cannabis topicals.