Cannabis Watch: Aurora maps its future and New Jersey to put legalization to the vote

Aurora Cannabis Inc. shares were in focus again Thursday, as investors continued to digest weaker-than-expected earnings and the company’s plans to grow its business.

Chief Executive Terry Booth told analysts on Wednesday’s earnings call that, while wellness drinks are likely to become a success, he does not expect cannabis drinks to become a big market once derivatives are legalized in Canada in October. The market for intoxicating cannabis-based drinks has not proven to be popular anywhere, he said.

Aurora is expecting the European market to become a big draw for Canadian companies, given that there is currently little competition and limited supply.

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