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CGC - Canopy Growth News Story

$17.32 0.1  0.4%

Last Trade - 13/08/20

Sector
Healthcare
Size
Large Cap
Market Cap £4.93bn
Enterprise Value £4.25bn
Revenue £242.6m
Position in Universe 1001st / 6401

BUZZ-Aurora Cannabis shoots higher in wake of results

Fri 15th May, 2020 8:49pm
** U.S.-listed shares of Aurora Cannabis  ACB.N   ACB.TO  were
sharply higher in trading Friday and were last up 69.4%
following better-than-expected revenue
    ** Volume in the stock also soared to more than 99 mln
shares traded, well above its 10-DMA and 50-DMA
    ** Investors cheered cost-cutting efforts, and sales jumped
as consumers stockpiled cannabis ahead of lockdowns  urn:newsml:reuters.com:*:nL4N2CX2S1
    ** U.S.-listed shares of Canopy Growth  CGC.N , Aphria
 APHA.N , Cronos  CRON.N , Tilray  TLRY.O , Hexo  HEXO.N  also
rose sharply. TLRY up ~7% while others rose >10%
    ** Aurora sold 12,729 kg of cannabis in Q3. Cannabis selling
categorized as essential service in several provinces and states
across Canada and the United States  urn:newsml:reuters.com:*:nL4N2CW49K
    ** Q3 rev of C$75.5 mln beat Street est of C$66.6 mln
(Refinitiv IBES)
    ** ACB stock was still down ~56% YTD 

 (Reporting by Caroline Valetkevitch and Arundhati Sarkar)
 ((caroline.valetkevitch@thomsonreuters.com; +1 646 223 6393;
Reuters Messaging:
caroline.valetkevitch.thomsonreuters.com@reuters.net))
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