Aurora Cannabis Inc. (NYSE: ACB) shares plunged over 18% after hours following the release of the company’s fourth-quarter earnings results.The Edmonton, Canada-based company reported losing more than CA$3.3 billion ($2.5 billion) in the fiscal year closing Tuesday.On Monday, Jefferies upgraded Aurora from Underperform to Hold. This, along with anticipation for Tuesday’s earnings call, caused the cannabis giant’s stock to rise, closing Tuesday up 15%. However, excitement fell after the company released its quarterly earnings, causing the stock price to plunge to over 18% after the market close.”Aurora has slipped from its top position in Canadian consumer, a market that continues …read more
Source:: Yahoo Finance
