Stock Alert: Aurora Cannabis Climbs 9% After Distribution Deal With Great North Distributors

Shares of Canadian cannabis company Aurora Cannabis Inc. (ACB,ACB.TO) are rising more than 9 percent or $1.14 in Friday's morning trade at $13.10.

Thursday, Aurora Cannabis said it has entered into an agreement with Great North Distributors Inc., Canada's first national sales broker for legalized adult-use cannabis. Under the deal, Great North will be the exclusive representative for Aurora's portfolio of brands across the Canadian cannabis retail environment.

Great North Distributors, a wholly-owned Canadian subsidiary of Southern Glazer's Wine & Spirits, will assume responsibility for Aurora's sales execution on January 25, 2021.

Aurora Cannabis has traded in a range of $3.71 to $26.40 in the past 52 weeks.

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