Marijuana Stocks Are Higher Because Aphria’s Earnings Beat Wall Street’s Forecasts

The Canadian marijuana company Aphria surged 17%, bouncing back from its October losses in premarket trading Tuesday, as its latest earnings turned out better than expected.

Other pot stocks, which had been beaten down by concern that revenue wasn’t growing as fast as hoped, rose as well.

The company (ticker: APHA.T) reported fiscal first-quarter…

Author: CSN