Why Aphria, Aurora Cannabis, and HEXO Stocks Jumped Today

By The Motley Fool1 day ago

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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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