What happened Cannabis stock investors were clearly fired up on Wednesday, bidding up the shares of Canadian players Canopy Growth (NYSE: CGC), Tilray (NASDAQ: TLRY), and Aurora Cannabis (NYSE: ACB). Canopy Growth was the champ of the trio, advancing by 3.2% on the day, while both Tilray and Aurora rose by just under 3%. So what On Wednesday. the see-saw that is publicly traded marijuana was on an up cycle. The likely catalyst was the latest official figures from Statistics Canada. These show that cannabis sales climbed by over 5% on a month-over-month basis to hit $244.9 million Canadian ($186 million) in August -- a new monthly record. Image source: Getty Images. Better, all of the country's 13 provinces and territories recorded increases, and not only for August -- they have now notched gains for three months in a row. Paving the way was the most populous province, Ontario, which collectively spent just under CA$67 million ($50.9 million) during the month, a 10.9% increase. Now what While we can attribute at least some of the continued gains to the isolation of the coronavirus pandemic, a growth rate of 5%-plus is highly encouraging regardless, particularly considering that every part of Canada is contributing. This is a good sign for Canopy Growth, Tilray, and Aurora, as they are all multi-faceted cannabis businesses active throughout the country. While the marijuana industry faces a host of daunting challenges, it's increasingly obvious that consumer demand for product is not one of them. Here's The Marijuana Stock You've Been Waiting ForA little-known Canadian company just unlocked what some experts think could be the key to profiting off the coming marijuana boom. And make no mistake – it is coming. Cannabis legalization is sweeping over North America – 11 states plus Washington, D.C., have all legalized recreational marijuana over the last few years, and full legalization came to Canada in October 2018. And one under-the-radar Canadian company is poised to explode from this coming marijuana revolution. Because a game-changing deal just went down between the Ontario government and this powerhouse company...and you need to hear this story today if you have even considered investing in pot stocks. Simply click here to get the full story now. Learn moreEric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source