Why Aphria, Aurora Cannabis, and HEXO Stocks Jumped Today

By The Motley Fool1 day ago


Stocks of Canadian cannabis growers are moving higher Thursday, after some positive news was released. Shares of Aphria (NASDAQ: APHA) were up 17%, while those of HEXO (NYSE: HEXO) were up 16%, as of 11:45 a.m. EST. Aurora Cannabis (NYSE: ACB) is the laggard of the group, with shares 9% higher.

Aphria released fiscal second-quarter 2021 earnings Thursday morning, showing continued growing revenue, as well as adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA). Separately, HEXO and beverage giant Molson Coors (NYSE: TAP) said the companies' joint venture, Truss CBD USA, is preparing to launch a new beverage.

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