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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Locked up all day at home = break out the bong. & it’s a much safer alternative to booze.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Q&A with Veritone One's head of podcasting - Business Insider - Business InsiderThe head of podcasting at Veritone One spoke to Insider Intelligence about how advertisers have shifted priorities in light of the pandemic's impact on podcast listening
Source: BusinessInsider - 🏆 729. / 51 Read more »
Starling is off to a fast start on relief loans - Business Insider - Business InsiderStarling has been stepping up its efforts to appeal to businesses amid the pandemic, and it's already reaping some tangible benefits
Source: BusinessInsider - 🏆 729. / 51 Read more »
Chick-fil-A is third-largest fast-food chain in US by sales - Business InsiderThe chicken chain managed to make more money than rivals, such as Burger King and Wendy's, that have more than twice as many locations across America. May want to check this “A Chick-fil-A location makes more than $4.5 million in sales on average, compared to a McDonald's location, which makes about $2.9 billion”
Source: BusinessInsider - 🏆 729. / 51 Read more »
Pandemic complicates retail bankruptcy process, liquidation sales - Business InsiderAs retailers including J. Crew and Neiman Marcus file for bankruptcy, experts worry about skittish creditors and an overloaded bankruptcy court system We're their sales declining before corona hit?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock picks to buy: 25 cheap small-cap companies, possible M&A targets - Business InsiderThese 25 under-the-radar companies have been neglected for years — but BTIG says that makes them tempting M&A targets with big stock upside
Source: BusinessInsider - 🏆 729. / 51 Read more »