Aurora Cannabis Stock Rose Because It Could Sell Tons More Marijuana

Connor Smith - finance.yahoo.com Posted 2 months ago

(ACB)stock recovered from early morning losses and then some Wednesday afternoon, climbing 3.3% to $8.68 at the close. Aurora Cannabis (ticker: ACB) said in its fiscal third-quarter earnings report released after the markets closed on Tuesday that it sold 9 metric tons of marijuana last quarter. Despite concerns about slowdowns in Canada’s recreational pot market, Aurora Cannabis said net revenue grew 20% quarter over quarter, hitting 65 million Canadian dollars (US$48.5 million).

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