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Aurora Cannabis Reported Higher Pot Sales. The Stock Soared 67% Today.

(ACB) shares showed some life on Friday, flying nearly 70% the day after the company’s March quarter results beat expectations. Aurora said fiscal third-quarter revenue hit 75.5 million Canadian dollars (US$53.8 million), which topped analysts’ consensus estimate at C$66.7 million. The company reported an adjusted earnings before interest, taxes, depreciation, and amortization loss of C$45.9 million, but said it expects that figure, known as adjusted Ebitda, to be positive by the September quarter. Read More...

(ACB) shares showed some life on Friday, flying nearly 70% the day after the company’s March quarter results beat expectations. Aurora said fiscal third-quarter revenue hit 75.5 million Canadian dollars (US$53.8 million), which topped analysts’ consensus estimate at C$66.7 million. The company reported an adjusted earnings before interest, taxes, depreciation, and amortization loss of C$45.9 million, but said it expects that figure, known as adjusted Ebitda, to be positive by the September quarter.

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