Aurora Cannabis Stock Tumbles in After-Hours Trading Even After Pot Sales Rise – MarketWatch


The last of Canada’s leading cannabis producers reported June-quarter results this afternoon. Sales were up substantially in Aurora Cannabis’s fourth fiscal quarter, but the company also sustained larger-than-expected negative cash flows.

In after-hours trading, Aurora’s stock (ticker: ACB) slid more than 10% to $5.82, sustaining the blue mood that’s afflicted pot stocks this year. Rivals like Canopy Growth (CGC) and Tilray (TLRY) also reported bigger losses than investors expected for the June quarter.

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