Canada-based marijuana producer Aurora Cannabis pulled off a high sales volume during the early months of the coronavirus pandemicAurora Cannabis, a Canadian marijuana business, posted an 18% increase in third-quarter revenue on Thursday, as sales surged during the coronavirus pandemic.
Shares bounced on the news, rising more than 14% during Thursday trading, and a further 19% in pre-market trading Friday.Canada-based marijuana producer Aurora Cannabis pulled off high sales during the early months of the coronavirus pandemic. third quarter revenues of $53.4 million on Thursday — an 18% jump from the previous quarter — driven by a 24% increase in sales of recreational marijuana, and a 13.5% increase of medical cannabis.
Chief executive Michael Singer said he was "pleased" with the progress made in the quarter and its commitments to reduce capital expenditures to below $71 million in the second fiscal half of 2020.
Locked up all day at home = break out the bong. & it’s a much safer alternative to booze.
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