Canadian cannabis producer Aurora Cannabis (ACB) late Tuesday reported fiscal third-quarter sales that missed some expectations, after rival Tilray (TLRY) earlier in the day said it could take another year-and-a-half to two years before Canada’s strained pot supply evens out with demand.
Still, Tilray stock continued its after-hours ascent, after the company reported first-quarter sales that beat expectations. The company’s loss was deeper than expected. Other marijuana stocks mostly rose late in the day.
Aurora’s conference call is set for Wednesday. Aurora cannabis stock fell 2.2% after hours.
Earlier Tuesday, rival CannTrust Holdings (CTST) reported a surprise profit.
Aurora Cannabis Earnings
Aurora reported net sales of 65.1 million Canadian dollars, a 20% jump from the prior quarter. Analysts expected net sales of 68.7 million Canadian dollars.
The company reported a net loss of 160.2 million