As the name suggests, Aurora Cannabis is a cannabis producer based in Canada.
Its shares are listed on the Toronto Stock Exchange, so if you want to invest in the UK, you need to find a broker that gives you access to the Canadian stock markets.
In this guide, we explain how to buy Aurora Cannabis shares online in the UK. On top of discussing the best UK brokers to do this with, we also give you a bit of background information on Aurora Cannabis.
- 1 Step 1: Find a UK Stock Broker to Buy Aurora Cannabis Shares
- 2 Step 2: Research Aurora Cannabis Shares
- 3 What is Aurora Cannabis plc?
- 4 Aurora Cannabis Share Price History & Market Capitalisation
- 5 Aurora Cannabis EPS and P/E Ratio
- 6 Aurora Cannabis Shares Dividend Information
- 7 Should I Buy Aurora Cannabis Shares?
- 8 Step 3: Open an Account and Deposit Funds
- 9 Step 4: Buy Aurora Cannabis Shares
- 10 Aurora Cannabis Shares Buy or Sell?
- 11 The Verdict?
- 12 eToro – Buy Aurora Cannabis Shares With Zero Commission
- 13 FAQs
Although many UK stock brokers now give you access to international markets, very few cover the Toronto Stock Exchange. This is because, in comparison to the likes of the NASDAQ and NYSE, there is very little appetite for Canadian companies in the UK.
Nevertheless, we have sourced the best two stock brokers that allow you to buy Aurora Cannabis shares online in the UK.
1. eToro – Buy Aurora Cannabis Shares with 0% Commission
It offers almost 1,800 shares from 17 different markets – including that of the Toronto Stock Exchange. Additionally, you can also invest in shares in the UK, US, France, Germany, and more.
In terms of fees, eToro allows you to buy Aurora Cannabis shares on a commission-free basis. This is the case across all of its supported stocks, as well as ETFs and CFD instruments.
In fact, if you also fancy adding some UK stocks to your portfolio, eToro waivers the 0.5% stamp duty fee that you would ordinarily need to pay. This makes eToro one of, if not the most competitively priced share dealing platform in the UK. Although you will need to pay a small $5 withdrawal fee, this is minimal.
We also like the fact that eToro offers ‘fractional ownership’. In simple terms, as long as you meet a $50 (about £40) minimum investment, you can buy as little or as many Aurora Cannabis shares as you like. If you’re also interested in passive investing, eToro offers a Copy Trading feature.
As the name implies, this allows you to select an experienced investor and copy their trades like-for-like. In order to buy Aurora Cannabis shares at eToro, you will need to meet a $200 (about £160) minimum deposit. You do this instantly with a UK debit/credit card or an e-wallet like Paypal and Skrill. If you want to buy shares on your mobile, you can do so via the eToro stock trading app.
Finally, eToro is a safe and regulated brokerage firm. It holds a fully-fledged license with the FCA, as well as CySEC (Cyrpus) and ASIC (Australia). Your investment funds are also covered by that all-important FSCS protection.
- 0% commission broker
- No stamp duty tax on UK shares
- Over 1,700 global shares and 180 ETFs
- CFD markets also offered
- Social network with copy trading
- Regulated by the FCA
- FSCS partnered
- Withdrawal and inactivity fees
75% of retail investor accounts lose money when trading CFDs with this provider.
2. Fineco Bank – Affordable Share Dealing Platform
If eToro doesn’t quite take your fancy, Fineco Bank is well worth considering. The online broker – which is backed by a large-scale Italian financial institution, offers a huge selection of stocks and shares.
In fact, you will have access to dozens of exchanges and markets – including that of Canada.
This means that you can easily buy Aurora Cannabis shares at the click of a button. In terms of fees, Fineco Bank doesn’t offer a commission-free pricing structure like eToro – not on traditional shares anyway. However, you will pay a fee of just £2.95 to buy Aurora Cannabis shares, which is still very competitive.
You will also need to pay an annual maintenance fee of 0.25% if your investment balance is less than £250,000. Fortunately, there are no fees to deposit and withdraw funds.
With that said, if you were to trade Aurora Cannabis shares via CFDs at Fineco Bank, you won’t pay any commission. Additionally, this comes with the added option of being able to apply leverage of up to 1:5 – as well as engage in short-selling.
Fineco Bank requires a minimum deposit of just £100. It doesn’t support debit/credit cards or e-wallets, so you will need to transfer funds from your UK bank account. In terms of safety, Fineco Bank is regulated by the FCA and your funds are protected by the FSCS.
- Charges just £2.95 per trade when buying and selling shares
- Access to thousands of UK and international shares
- Deposit funds with a UK bank account
- Heavily regulated, including an FCA license
- Suitable for both newbies and seasoned investors
- Great research and educational department
- Established way back in 1999
- All personal data protected
- 0.25% annual fee
Your money is at risk.
Once you have decided which stock broker you want to use to buy Aurora Cannabis shares, you are advised to take a step back momentarily.
This is because you should perform some research on the Canadian company before taking the financial plunge.
With this in mind, below we outline some key data points surrounding Aurora Cannabis – such as its historical stock price action, dividends, and reasons to consider adding its shares to your portfolio.
What is Aurora Cannabis plc?
Founded in 2006, Aurora Cannabis is a legal cannabis producer based in Canada. It now operates in over 25 countries – supplying licensed cannabis dispensers with over 600,000 kg per year. Aurora Cannabis also has a selection of retail stores in Canada, which sells cannabis to the recreational marketplace.
Aurora Cannabis shares have traded on several stock exchanges over the past decade. This includes the TSX Venture Exchange, which lists small-to-medium Canadian firms. However, it has traded on the primary Toronto Stock Exchange since mid-2017. Back then, the shares would have cost you in the region of $26 (CAD).
In less than 6 months of joining the Toronto Stock Exchange, Aurora Cannabis shares hit highs of $135. This represents gains of over 400%. Since then, the stocks have been on somewhat of a rollercoaster ride. Most notably, the stocks last peaked in March 2019 at just over $153 each.
Unfortunately for shareholders, Aurora Cannabis has been on a downward trajectory ever since. At the time of writing in late 2020, you’ll pay just $11 per share. This means that the stocks are worth significantly less than they were when first being listed on the Toronto Stock Exchange.
On the other hand, this does present an excellent opportunity to buy Aurora Cannabis shares at a major discount. This is, of course, on the proviso that you believe the company is undervalued and thus – will be worth considerably more in the near future.
Aurora Cannabis EPS and P/E Ratio
In its most recent filing, Aurora Cannabis carried a price-to-earnings ratio of -3.04. For those unaware, a negative P/E ratio means that the company made a financial loss in the prior quarter.
It goes without saying that this is highly unfavorable for those in possession of Aurora Cannabis shares – which is fully evident in the firm’s stock price.
In terms of its earnings-per-share, this stood at -$26.29 as of Q3 2020. Once again, this represents huge losses for investors.
Aurora Cannabis is yet to pay a dividend to shareholders and this will likely remain the case for the foreseeable future. After all, the firm is currently making a financial loss.
As we have discussed, not only have Aurora Cannabis shares been on a downward trajectory since 2019, but the firm currently possesses a negative EPS and P/E ratio. But, this doesn’t necessarily mean that Aurora Cannabis is a bad investment.
To help clear the mist, below have listed some of the most notable factors that might influence your decision to buy Aurora Cannabis shares today.
Invest at a Huge Discount
The most notable benefit of investing in Aurora Cannabis is that of its current share price. In other words, you’ll pay just over $11 as of late 2020 – which represents a major discount in comparison to its historical peaks.
In fact, this is less than half of what Aurora Cannabis shares were worth when they first joined the Toronto Stock Exchange in mid-2017.
Crucially, while the risks associated with an investment are much higher than you’ll find with a traditional blue-chip stock, the upside potential is also high.
Once again, by using an FCA like eToro that supports fractional ownership, you only need to meet a minimum investment of $50. This allows you to speculate on the future value of Aurora Cannabis without breaking the bank.
Cannabis is a High Growth Industry
If you’re the type of investor that is interested in growth stocks, then cannabis is likely to be an industry that you are keen to explore.
While there are many such companies active in the space, Aurora Cannabis is one of the largest suppliers in Canada.
However, the firm is also active in 25 other countries. As and when more and more governments begin to relax cannabis-related laws, this will benefit Aurora greatly.
Aurora Offers a Diversified Portfolio of Products
While Aurora’s core division is that of its conventional cannabis production unit, the firm is also behind a number of other, growing product types. This includes cannabis in the form of vaping, edibles, infusion, and beverages. This ensures that Aurora Cannabis isn’t overly exposed to a single product line.
Share Dilution is a Real Problem
One of the biggest issues facing Aurora Cannabis is that of its access to capital. Sure, since the firm replaced its long-standing CEO Aurora has managed to take an element of control of its spending.
However, it is still burning through cash at the rate of knots. In turn, this has forced Aurora Cannabis to raise capital through new share offerings.
In fact, in the last few years alone the number of shares in circulation has increased by almost 12,000%. In turn, this results in Aurora Cannabis shareholders getting diluted – subsequently reducing the value of their investment on each stock sale.
Step 3: Open an Account and Deposit Funds
If you’ve performed adequate research on Aurora Cannabis and want to proceed with your share purchase, it’s now time to open an account with your chosen stock broker.
As we discussed earlier, we would suggest considering eToro for this purpose – as the platform allows you to buy Aurora Cannabis shares commission-free.
With this in mind, the step-by-step walkthrough below will show you how to get started with eToro and obtain Aurora Cannabis shares in less than 10 minutes.
To get the ball rolling, visit the eToro website, hit the ‘Join Now’ button, and enter your personal information:
eToro will require the following:
- Full name
- Home address
- Date of birth
- National insurance number
- Email address
- UK mobile number
- Username and password
You will also need to upload a copy of your passport or driver’s license. This is standard practice across all FCA-regulated brokers, as per anti-money laundering laws. You’ll also be asked for a recently-issued utility bill or bank account statement to verify your home address.
Note: You can upload these documents later if you are depositing less than $2,250 (£1,800-ish).
Next, it’s time to make an instant deposit.
You can choose from the following payment methods:
- Debit/credit cards
You may also transfer funds from your UK bank account, but this can take a few days to process. Additionally, we should note that the minimum deposit at eToro is $200 – or about £160.
Once you have deposited funds into eToro, you can then buy Aurora Cannabis shares. Enter ‘Aurora Cannabis’ into the search box and click on the ‘Trade’ button.
You will then see an order box. All you need to do is enter the amount of Aurora Cannabis shares that you want to purchase (minimum $50).
To complete your commission-free Aurora Cannabis investment, click on the ‘Open Trade’ button. The shares will then be added to your eToro portfolio. You can sell your Aurora Cannabis shares any time during standard market hours.
It’s difficult to make a really strong case for Aurora Cannabis shares. Sure, the firm operates in a high growth industry. Plus, you do stand the chance to invest at a major discount – based on its current stock price.
However, Aurora Cannabis is still burning through way too much cash, which has resulted in the company initiating yet another share offering.
In turn, Aurora Cannabis now carries a negative EPS and P/E ratio. Ultimately, there are plenty of more attractive cannabis stocks available to UK investors – if this is an industry you wish to gain exposure to. Or, you might even consider a cannabis ETF – which offers a basket of stocks operating in the space.
In summary, if you want to buy Aurora Cannabis shares online in the UK, there are several brokers that allow you to do this with ease.
As per our in-depth research, we found that eToro offers the easiest, safest, and most cost-effective option on the table.
This is because you can buy Aurora Cannabis stocks commission-free, and the minimum investment is just $50. You can complete the end-to-end process in less than 10 minutes when using a debit/credit card or e-wallet.
Simply click the link below to get started!
75% of retail investor accounts lose money when trading CFDs with this provider.
Are Aurora Cannabis shares a good buy?
The only attractive aspect of choosing Aurora Cannbis is that its share are trading at a huge discount in comparison to its prior heights. While the upside potential could be huge, so are the risks.
What stock exchanges are Aurora Cannabis shares listed on?
Aurora Cannabis has its main stock exchange listed on the Toronto Stock Exchange. The company also has a secondary listing on the NYSE.
What is the Aurora Cannabis P/E ratio?
As of late 2020, Aurora Cannabis has a negative P/E ratio of -3.04. This is because the company is currently making a financial loss.
Does Aurora Cannabis offer dividends?
No, Aurora Cannabis does not pay dividends and it is unlikely to do so for a long time.
How much is Aurora Cannabis valued at?
At the time of writing, Johnson & Johnson has a market capitalization of over $2 billion (CAD).
Who is the Chief Executive Director of Aurora Cannabis?
Miguel Martin is the current CEO of Aurora Cannbis. Martin begun his post as CEO as recently as September 2020.
Can I invest in Aurora Cannbis via an ISA or SIPP?
Yes, both ISAs and SIPPs allow you to invest in international stocks such as Aurora Cannabis.