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0.0070300751879699 0.00597744360902248 0.00496240601503755 0.0131578947368422 0.0150375939849624 0.00751879699248121 -0.0282706766917294 -0.012781954887218
Stock impact report

Cannabis Watch: Cannabis companies rally for a second day ahead of historic vote that would lift federal ban on weed [MarketWatch]

Aurora Cannabis Inc. - Common Shares (ACB) 
Company Research Source: MarketWatch
Cannabis companies rally for a second day ahead of historic vote that would lift federal ban on weed Cannabis stocks rallied for a second day Wednesday, buoyed by a historic congressional committee vote on a bill that would lift the federal ban on weed, as well as strong gains for Curaleaf after it posted a narrower-than-expected third-quarter loss. Curaleaf’s U.S.-listed shares CURLF, +11.82% CURA, +12.19% were last up 11.5%, as investors shrugged off its revenue miss. The Massachusetts-based company posted a loss of $6.8 million, or a penny a share, versus losses of $33.7 million, or 9 cents a share in the year-ago period. Revenue rose to $61.8 million from $21.4 million. Analysts polled by FactSet had expected losses of 2 cents a share on revenue of $63.6 million. GMP analyst Robert Fagan, who rates the stock a buy, said the numbers were “largely in line with our relatively high expectations.” The revenue number was below his estimate of $67 million. He highlighted positives Show less Read more
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