Why Aurora Cannabis, Canopy Growth, and Tilray Stocks Bounced Back Monday
Marijuana stocks got hammered along with the rest of the growth stocks last week, with Canopy Growth (NASDAQ: CGC), for example, losing 10% for the week -- nearly twice as much as the rest of the Nasdaq -- Tilray Brands (NASDAQ: TLRY) dropping 15%, and Aurora Cannabis (NASDAQ: ACB) getting smoked for a 16% loss. As the new week gets underway, however, these marijuana stocks are lighting back up.
Through 10:20 a.m. ET, all three stocks are back in the green today, with Canopy gaining 4.9%, Aurora up 5.8%, and Tilray leading the pack higher with a 6.7% gain.
Why are marijuana stocks in the green today? That's actually an excellent question, because the newswires are mostly lacking clearly great news for cannabis.
Source Fool.com
