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Company News

BUZZ-Aurora Cannabis Inc: Up on strong fourth-quarter results

** Canadian weed co’s shares rise 6.3 pct to C$13.06

** Co’s Q4 rev up 223 pct at C$19.1 mln as higher patient numbers due to buyout of CanniMed, higher selling price for weed

** Qtrly net income was C$79.9 mln compared with a loss of C$4.8 mln a year earlier; co says increase due to unrealised non-cash gain on derivatives and marketable securities

** ACB recently announced U.S. listing plans in Oct; CEO says the move provides access to “broader investor audience”

** ACB’s stock has gained ~56 pct since Sept 17 on reports of a potential tie-up with Coca-Cola to make cannabis-infused drinks

** Up to Monday’s close, co’s stock had risen 32.6 pct YTD (Reporting by Debroop Roy in Bengaluru)

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