Why Aurora Cannabis, Aphria, and Other Cannabis Stocks Rose Again Today

Shares of Aurora Cannabis (NYSE: ACB), Aphria (NASDAQ: APHA), Tilray (NASDAQ: TLRY), and OrganiGram Holdings (NASDAQ: OGI) continued the upward momentum in cannabis names today. 

Each was up sharply before gains settled back down. As of 12:45 p.m. EST, Aurora was nearly back to even and OrganiGram up 3%. But Aphria and Tilray -- which have announced plans to merge -- were still up 6% and 10%, respectively. 

Early gains continued after yesterday's runoff election results secured control of both houses of Congress for the Democratic party. But the subsequent divergence in gains may reflect investor realization that each company should be looked at individually rather than as a group. 

Continue reading

Source Fool.com