Cannabis stocks in the US and Canada were mainly in positive territory, trading in the same direction as the Dow Jones Industrial Average and the S&P/TSX Composite Index.
The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, climbed 1.8% to 275.57.
BUDS
Aurora Cannabis Inc (NYSE:ACB) (TSE:ACB) climbed 3.1% to US$7.39 in New York a day after reporting that second-quarter net revenue quadrupled.
For the quarter ended December 31, the Edmonton, Alberta-based company posted net revenue of C$54.2 million, up from C$11.7 million a year earlier.
Aurora said non-cash expenses including the December 31 mark-to-market adjustments of about C$190 million primarily on derivative investments contributed to a net loss of C$240 million.
The company added that construction of a 300,000-square-foot expansion at the Edmonton International Airport was progressing well.
The stock gained 2.7% to C$9.76 in Canadian trading.
Green Thumb Industries Inc (OTCMKTS:GTBIF) (CSE:GGB) rose 7.1% to US$13.11 after closing on its acquisition of Advanced Grow Labs LLC.
AGL is one of only four companies in Connecticut licensed to grow and process cannabis, according to Chicago-based Green Thumb, adding that AGL operates a 41,000-square-foot manufacturing facility in West Haven with the potential to expand.
Shares of Green Thumb were up 5.4% to C$17.15 in Canadian trading.
Weekend Unlimited Inc (OTCMKTS:WKULF) climbed 9.1% to C$0.18 in Canadian trading after announcing that Northern Lights Supply in Nisku, Alberta, received an initial shipment from Alberta Gaming, Liquor & Cannabis.
The shipment allows Northern Lights to set a February 23 grand opening date.
"Having received the store's initial order, we are currently stocking the shelves and conducting our final staff training and systems checks in order to hold our grand opening next week,” Northern Lights Supply President Derek Shields said in a statement.
The stock was up 3.1% to US$0.13 on the OTC Markets.
Contract Dennis Fitzgerald at dennis@proactiveinvestors.com