Why Aurora Cannabis Is On Fire Today

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Shares of Canadian pot giant Aurora Cannabis (NYSE: ACB) jumped by as much as 17% in pre-market trading Wednesday morning. The marijuana cultivator’s stock is shooting northward in response to the early results from two Senate runoff elections in Georgia held yesterday. 

While ballots are still being counted in the Peach State, some major news outlets are already calling the race for Democratic challenger Rev. Raphael Warnock over Republican Sen. Kelly Loeffler. Democrat Jon Ossoff also holds a slight lead over Republican Sen. David Perdue with 98% of the votes counted, according to multiple sources. Democrats thus appear to be on the verge of equalizing the Senate at 50 seats a piece. 

Image source: Getty Images.

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