05:30:33 EDT Sun 27 Sep 2020
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Cannabis Summary for May 21, 2020

2020-05-21 18:56 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

The S&P/TSX Cannabis Index gained 18.22 points to 163.39 Thursday, while the Canadian Securities Exchange Composite Index gained 6.23 points to 368.91. Aurora Cannabis Inc. (ACB) surged $6.29 to $24.10 on 13.96 million shares after announcing a $40-million (U.S.) acquisition of a United States CBD company (the deal was announced yesterday after the market closed). Aurora gained over $400-million (U.S.) of market cap, then, on the heels of a $40-million (U.S.) deal.

The jump continues the run that Aurora has been on since releasing its fiscal Q3 results. Those results apparently took the market by surprise with Aurora's improved revenue and reduced expenses. Aurora is up from $9.20 to $24.10 in the four days of trading since releasing the results. (While the company's three-month chart is an attractive one, the view becomes uglier when stretching the chart back to 12 months -- the stock is well off its 52-week high of $141.48.)

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2020 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.