March 11, 2019 / 2:51 PM / 7 months ago

BUZZ-Aurora Cannabis: Begins cannabis oil sales to German pharmacies, shares up

** U.S.-listed shares of Aurora Cannabis up 3.2 pct after co begins selling cannabis oil to German pharmacies

** ACB said it has already been supplying dried cannabis flower to the German market since 2015, now has all required approvals for the sale of cannabis oil

** “The German market is very attractive for Canadian companies because of the high pricing received there” - Martin Landry, analyst at GMP Securities LP

** The market in Germany is experiencing shortage of cannabis and cannabis oil is a format more conducive to medical patients, Landry added, making the agreement significant for Aurora in the medical market

** up to Friday’s close, ACB has risen about 50 pct in value YTD (Reporting by Shariq Khan in Bengaluru)

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