Jim Cramer thinks that Aurora Cannabis is an undervalued company.
He said that Real Money's Stock of the Day Aurora Cannabis's addition of Nelson Peltz as an adviser is a positive sign for the company.
"This is the endorsement that Aurora needs to put it in the big time," says Jim Cramer.
Aurora has a market cap of $8 billion. Cramer said that the fiscal estimate for 2019 is $232 million, which is more than the fiscal estimates for Tilray (TLRY) - Get Tilray, Inc. Report or Cronos (CRON) - Get Cronos Group Inc Report and Canopy Growth (CGC) - Get Canopy Growth Corporation Report .
However, Aurora's valuation shies in comparison to Canopy Growth's due to Constellation's investment in the company.
Cramer said that, when looking at the numbers, Aurora is undervalued when compared to the other cannabis companies.
Want more exclusive tips from Jim Cramer? Lucky you, his next call kicks off March 14 at 11:30 E.T. Here's how you can watch.
How Much Money Will I Need to Retire? Want to learn about retirement planning from some of the nation's top experts? Join TheStreet's Robert "Mr. Retirement" Powell live in New York on April 6 for our Retirement Strategies Symposium. For a limited time, tickets are available for $99 for this full-day event. Check out the agenda, learn about the speakers and sign up here.