Dec 2/22: Top Cannabis Companies Finish Green (5 for 5) Two days in a row now where we see all of the Top Tier 1 Licensed Producers finishing in the GREEN. Progress was seen today on Cannabis Research in the US with Joe Biden actually getting around to signing a new bill into law. Progress towards more de-criminalization / legalization is being reported as “optimistic” in the coming weeks and prior to the end of the year.
It may be too early to say but Cannabis could be coming back into favor by the market, with actual progress towards Legalization in the coming weeks it would virtually be assured.
Biden Signs Marijuana Research Bill, A Historic First For Federal Cannabis Reform
In Summary (highest to lowest daily gain according to G&M)
Tilray Brands (TLRY) – Finished up 9.63%
https://www.theglobeandmail.com/investing/markets/stocks/TLRY-T/
Organigram Holdings- Finished up 9.59%
https://www.theglobeandmail.com/investing/markets/stocks/OGI-T/
Canopy Growth (WEED/CGC) – Finished up 9.09 %
https://www.theglobeandmail.com/investing/markets/stocks/WEED-T/
HEXO Corp – Finished up 6.67%
https://www.theglobeandmail.com/investing/markets/stocks/HEXO-T/
Aurora Cannabis – Finished up 6.18%
https://www.theglobeandmail.com/investing/markets/stocks/ACB-T/
Zack’s Ratings on each of the above
Tilray Brands
https://www.zacks.com/stock/quote/TLRY?q=TLRY
OGI
https://www.zacks.com/stock/quote/OGI?q=OGI
Canopy Growth
https://www.zacks.com/stock/quote/CGC?q=CGC
HEXO Corp
https://www.zacks.com/stock/quote/HEXO?q=HEXO
Aurora Cannabis
https://www.zacks.com/stock/quote/ACB?q=ACB
List of Top Teir 1 Cannabis Producers
https://www.newcannabisventures.com/canadian-cannabis-lp-tier-1-index/