Aurora Cannabis Posts Smaller Sequential Loss As Cannabis Use Rises Amid Lockdown

Aurora sold 12,729 kilograms of cannabis in the third quarter

Aurora Cannabis posted a smaller loss compared with the prior quarter as customers in the United States and Canada stockpiled cannabis ahead of lockdowns, sending its U.S.-listed shares up 13% after the bell on Thursday.

The Canadian pot producer sold 12,729 kilograms of cannabis in the third quarter, 39% more than a year earlier. The sales spike comes as cannabis is an essential service in several provinces and states across Canada and the Unites States.

Its reported quarter was the first full period of sales in its so-called cannabis 2.0 portfolio, which includes vapes, edible gummies, chocolates and beverages, products that customers rushed to stock up ahead of the Covid-19 lockdowns.

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