Stocks to watch on Wednesday: Aurora Cannabis (ACB) - the stock just broke $4 and cannabis investors are in pure panic mode. Don't try to catch the bottom here. A lot of questions will pop up with Aurora Cannabis and cash positions considering the money the cannabis company is spending to build global production capacity while the stock is so low now that further dilution will be very costly. Stitch Fix (SFIX) - the stock dips 10% to $18 following a strong quarter and pretty decent guidance for FY20. The online personalized stylist now trades for a FY20 EV/S multiple of only 0.7x for a company targeting EBITDA that might reach $100 million this year. The market has thrown out this stock at an extremely low multiple despite revenue growth in the 25% range. Investors don't want to know where the cannabis stocks would trade with the same multiple. Disclosure: No position