Why Canopy Growth's Stock Is Trading Higher Today

Canopy Growth Corp CGC shares are trading higher, potentially in sympathy with Aurora Cannabis ACB following the company's earnings results.

Aurora Cannabis reported its third-quarter sales results increased 35% year over year.

See Also: Aurora Cannabis Shares Rise On Sales Beat: 'A Case Of The Patient Being Presumed Dead, When Indeed It's Not'

Canopy Growth cultivates and sells medicinal and recreational cannabis, and hemp, through a portfolio of brands that include Tweed, Spectrum Therapeutics, and CraftGrow.

Aurora Cannabis traded higher by 70% at time of publication on Friday, while Canopy Growth's stock was up 14.7% to $15.88. The company has a 52-week high of $46.97 and a 52-week low of $9.00.