Why Canopy Growth, Organigram Holdings, and HEXO Shares Jumped Tuesday
It's been a down month for Canadian cannabis stocks like Canopy Growth (NASDAQ: CGC), Organigram Holdings (NASDAQ: OGI), and HEXO (NYSE: HEXO). These stocks have had several catalysts influencing them with both political and company-specific news.
Shares are bouncing today, with Canopy Growth up 6.3%, Organigram up 3.5%, and HEXO up 4.8%, as of 11:20 a.m. EST.
There are no new announcements from the companies today. But after shares have dropped between 35% and 50% in just the past month, some recent progress with new product offerings, and legalization expanding among U.S. states, investors are feeling like buying the dip today.
Source Fool.com
