Why Shares of Aurora Cannabis, Charlotte's Web, and Aphria Moved Higher Today
Shares of Canadian marijuana companies Aurora Cannabis (NYSE: ACB) and Aphria (NASDAQ: APHA), along with U.S.-based cannabidiol (CBD) products supplier Charlotte's Web Holdings (OTC: CWBHF), have been on a tear since the U.S. election on Nov. 3.
That run appeared to be continuing today, with Aphria and Charlotte's Web up 10% earlier, while Aurora moved up about 5%. Those jumps have since waned somewhat. As of 11:20 a.m. EST, Aphria shares are still up about 7%. But shares of Charlotte's Web are up 3.5%, while Aurora has given up virtually all of today's gains so far.
The cannabis sector in general got a boost from the U.S. election earlier this month. The stocks of these three companies are up between 50% and 80% since then.
Source Fool.com
