Pot-Stock Frenzy Intensifies in Canada
- Aurora Cannabis leaps 24%; Aphria, Canopy Growth also rally
- Speculation mounts after recent investment from Constellation
Marijuana plants grow at a facility in Winnipeg, Manitoba, Canada.
Photographer: Trevor Hagan/BloombergThis article is for subscribers only.
Canadian marijuana producers jumped again Monday, with one in particular surging to new highs amid optimism over its prospects in Quebec.
Aurora Cannabis Inc. is now up more than 90 percent this month, fueled by rising revenue and speculation it can secure a strong market position in Quebec’s legalized cannabis market. Aurora’s weed-growing facility in the province received a cultivation license, putting it in a favorable position, said Chris Damas, the editor of the BCMI Report in Barrie, Ontario.