Tag: Aurora Cannabis stock

Cannabis stocks mostly traded in positive territory today. Supreme Cannabis (FIRE) and Aurora Cannabis (ACB) rose about 9.5% and 5.5%, respectively.

Aurora Cannabis (ACB) announced that it's increasing its secured credit facility to 360 million Canadian dollars from $200 million Canadian dollars.

Generally speaking, the cannabis sector's valuations have taken a hit due to weak earnings. Recently, Aphria (APHA) posted better-than-expected earnings.

Early on Monday, CannTrust (CTST) fell almost 26.8%. The development came after Health Canada found more areas that didn't comply with regulations.

Last week, the FDA asked four companies to remove 44 products. The products didn't receive the necessary marketing authorization.

Cronos Group (CRON), Innovative Industrial Properties (IIPR), and Aphria's (APHA) recent earnings are moving cannabis stocks.

Earlier today, Aurora Cannabis (ACB) provided an update on its fourth quarter of fiscal 2019. Its guidance was better than expected.

Canopy Growth (WEED)(CGC) is set to announce its fiscal 2020 first-quarter results on August 14. Market participants are eager to see how it did.

Aphria (APHA) surged almost 30% in the early morning session after the company reported better-than-expected results.

So far, July has been rough for Aurora Cannabis (ACB). The stock has been trending lower ever since the beginning of the month.