Canada’s Black Market for Cannabis Remained Strong in Fourth Quarter

Aurora completes acquisition of Whistler Medical, CannTrust files shelf for up to C$700 million of debt and equity.

Cannabis stocks were mixed on Monday as new data emerged about the state of Canada’s legal market and Aurora Cannabis Inc. completed its acquisition of a British Columbia–based medical weed company.

Data from the Canadian government shows that the black market for cannabis remained strong in the fourth quarter of 2018, accounting for C$1.17 billion ($878.7 million) of sales, compared with $307 million in legal sales.

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