Cannabis stocks giving people a buzz? Curious correlation and potential upside.
Why hello there!
Magnus here, how do you find yourself on this magnificent Monday morning?
I feel you are not here for the pleasantries. Let us get to the subject matter then, ei?
Cannabis is abuzz after falling from favour in recent months
Cannabis stocks seem to be trending! It’s always amazing how a few articles can ignite the tinder of curiosity and drag an industry that fell from favour back into the light!
| Company | Ticker | Fridays price & change |
|---|---|---|
| Canopy Growth Corp | $CGC | $15.27 (+12.94%) |
| Tilray | $TLRY | $12.94 (+9.11%) |
| Aurora Cannabis | $ACB | $8.50 (+12.29%) |
| Sundial | $SNDL | $0.92 (+27.82%) |
| Village Farms International Inc | $VFF | $8.83 (+1.03%) |
| HEXO Corp | $HEXO | $1.80 (+7.78%) |
| Akerna Corp | $KERN | $2.89 (+9.47%) |
Why is cannabis in vogue once again? Well, simply legalization being in focus once again. Cannabis stocks have also suffered greatly this year, even though cannabis consumption in the US saw a rise during the pandemic, handily boosted by the conversion of stimulus checks in to thicc budz.
The upside looks good, all we need is for it to catch on!
Now I really have run out of things to say so I will mention one last thing. I find the co-relation between all of the charts quite striking! Some even look like the same chart!
Canopy Growth Corp ($CGC)
Tilray ($TLRY)
Aurora Cannabis (ACB)
Sundial ($SNDL)
Village Farms International Inc ($VFF)
HEXO Corp ($HEXO)
Akerna Corp ($Kern)
And well, that is all folks...
- Magnus Chimpski
Disclaimer: This is not financial advice. It is an opinion. Magnus is not a financial advisor.
Magnus is infact a ficticious smooth brained simian of the interwebs, to take advice from an internet monkey would be insane.
- End of transmission
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