Why Marijuana Stocks Canopy Growth, Tilray, and Aurora Cannabis All Rose on Wednesday
Cannabis stock investors were clearly fired up on Wednesday, bidding up the shares of Canadian players Canopy Growth (NYSE: CGC), Tilray (NASDAQ: TLRY), and Aurora Cannabis (NYSE: ACB). Canopy Growth was the champ of the trio, advancing by 3.2% on the day, while both Tilray and Aurora rose by just under 3%.
On Wednesday. the see-saw that is publicly traded marijuana was on an up cycle. The likely catalyst was the latest official figures from Statistics Canada. These show that cannabis sales climbed by over 5% on a month-over-month basis to hit $244.9 million Canadian ($186 million) in August -- a new monthly record.
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Source Fool.com
