We recently compiled a list of the 12 Cheap Pot Stocks to Buy According to Hedge Funds. Aurora Cannabis Inc. stands fourth on our list.

Aurora Cannabis Inc. (NASDAQ:ACB), a prominent Canadian medical cannabis company, is strengthening its global footprint by focusing on international markets, particularly in Europe and Australia. The company has shifted away from recreational cannabis, positioning itself as a leader in the medical segment with strong fiscal results, reporting a 93% year-over-year increase in global medical cannabis revenue, which has now surpassed its domestic Canadian sales. Australia has become a key growth market where the company ranks as the second-largest supplier, while Germany’s progressive cannabis laws offer further expansion opportunities.

Aurora Cannabis Inc. (NASDAQ:ACB)’s growing international presence and improving fundamentals have placed it among cheap pot stocks to buy, especially for investors seeking value in the medical cannabis space. Its international growth is underpinned by a debt-free cannabis business, positive adjusted EBITDA, and a renewed focus on profitability, marking a notable turnaround. The company continues to engage shareholders, with its 2025 Annual General and Special Meeting scheduled for August 8. Aurora Cannabis Inc. (ACB) Becomes Medical Market Powerhouse with 93% Sales Jump

A laboratory filled with medical cannabis research equipment and supplies.

Beyond financials, the business remains committed to social responsibility through initiatives like “Strains for Heroes,” which develops medical cannabis products for veterans in collaboration with the community. Five percent of net profits from these products are donated to veteran-focused organizations, demonstrating the company’s commitment to both innovation and impact.

While we acknowledge the potential of ACB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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