Aurora Cannabis Inc (ACB)

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#4 Aurora Cannabis Inc. (OTCQX:ACBFF) (TSX:ACB)

Cannabis Coke? It's no joke.

That's what Aurora Cannabis Inc. is attempting to do: fuse THC with fizzy drinks. And it has already attracted major attention, with talks of a buy-out from Coca Cola sending Aurora's stock shooting upwards on September 17.

Aurora declined to comment on the Coke rumors, but did nothing to halt the upward tick of the price which rose 5 percent and 64 percent in the last month.

The price has risen steadily, gaining 37 percent in the last month. Aurora was the No. 2 cannabis stock in terms of market cap, trailing only the heavy-hitter Canopy Growth Corp. Now it lags behind Tilray.

While the price ticked upward on the Coke rumors, Aurora remains underpriced when compared to Tilray or Canopy. That makes it a good candidate for an early buy-in or a hedge in case other cannabis stocks crash and burn.

Aurora had a high valuation even before this recent surge started sending pot stocks upwards. That makes it a safe bet, compared to the shooting stars like Tilray. When full legalization goes into effect on October 17, Aurora should expect strong sales and a healthy market share.