Why Aurora Cannabis Stock Moved Higher Today

Shares of Canadian pot grower Aurora Cannabis (NYSE: ACB) jumped more than 11% on Friday before giving back most of those gains. The stock was up 2.3% as of 2:30 p.m. EST.

Today's initial jump came after the company announced a new exclusive distribution agreement yesterday. The agreement with Canada's Great North Distributors is meant to "significantly bolster" Aurora's market position in Canada, the company said. 

Image source: Getty Images.

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Source Fool.com