Why Tilray and Aurora Cannabis Stocks Surged Higher Today
It's a rare day when several Canadian marijuana stocks not only rise in price, but at substantial rates. That was the happy case on Monday with both Tilray Brands (NASDAQ: TLRY) and Aurora Cannabis (NASDAQ: ACB). The two weedies saw price pops in excess of 8% on the day, crushing the 0.1% increase of the S 500 index.
Investors were less encouraged by news from either Tilray or Aurora than they were with the looming arrival of a new Candian pot stock on the top equity market in the country.
This is TerrAscend, a vertically integrated company that runs cultivation, processing, and retail operations in both Canada and the U.S. Last Thursday, the company announced its common shares would effectively move to the Toronto Stock Exchange from its current home of the Canadian Securities Exchange. The move should occur on July 4, which is not a Canadian holiday.
Source Fool.com
