Another day, another marijuana earnings report, and another rally in marijuana stocks! Much like Wednesday's earnings report from Canopy Growth (NASDAQ: CGC) set off a (short-lived) rally in share prices at Aurora Cannabis (NASDAQ: ACB) and Tilray Brands (NASDAQ: TLRY) on Wednesday, on Friday good news from Aurora Cannabis is helping to boost the stock prices of Canopy and Tilray.

As of 10:55 a.m. ET, Aurora Cannabis stock is up a strong 16.4%, while Canopy is getting a 10% boost and Tilray is bringing up the rear with a 7.2% gain.

Exactly how good was Aurora's earnings report? Revenue for the fiscal first quarter of 2023 was 49.3 million Canadian dollars, down 18% year over year, with medical marijuana sales down 23% and consumer sales down 28%. That's not a particularly great start.

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Source Fool.com