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Why Canopy Growth's Stock Is Trading Higher Today

Canopy Growth Corp (NYSE: CGC) shares are trading higher, potentially in sympathy with Aurora Cannabis (NYSE: ACB) following the company's earnings results.

Benzinga · 05/15/2020 19:32

Canopy Growth Corp (NYSE: CGC) shares are trading higher, potentially in sympathy with Aurora Cannabis (NYSE: ACB) following the company's earnings results.

Aurora Cannabis reported its third-quarter sales results increased 35% year over year.

See Also: Aurora Cannabis Shares Rise On Sales Beat: 'A Case Of The Patient Being Presumed Dead, When Indeed It's Not'

Canopy Growth cultivates and sells medicinal and recreational cannabis, and hemp, through a portfolio of brands that include Tweed, Spectrum Therapeutics, and CraftGrow.

Aurora Cannabis traded higher by 70% at time of publication on Friday, while Canopy Growth's stock was up 14.7% to $15.88. The company has a 52-week high of $46.97 and a 52-week low of $9.00.