Why Aurora Cannabis Stock Dropped Today

Shares of Aurora Cannabis (NYSE: ACB) were down 4.9% as of 12:15 p.m. EST on Thursday. A recent sales distribution agreement has the company further trimming staff as it continues on its transformation plan. 

Shares of the Canadian marijuana grower jumped last week, after it announced a new agreement with Great North Distributors that Aurora said will "significantly bolster" its market share across Canada. 

The company has since confirmed that additional layoffs will accompany that deal, according to Marijuana Business Daily.

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Source Fool.com