Shares of cannabis stocks are trading higher on continued momentum amid US efforts to reschedule marijuana.
Portfolio Pulse from Bill Haddad
Cannabis stocks are trading higher due to continued momentum amid US efforts to reschedule marijuana. Stocks mentioned include ACB, CLVR, CRON, GRWG, HITI, MSOS, OGI, SNDL.
September 11, 2023 | 6:14 pm
News sentiment analysis
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POSITIVE IMPACT
Aurora Cannabis (ACB) stock is trading higher due to US efforts to reschedule marijuana.
The rescheduling of marijuana in the US could potentially open up new markets for Aurora Cannabis, leading to increased revenues and a higher stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Clever Leaves (CLVR) stock is trading higher due to US efforts to reschedule marijuana.
The rescheduling of marijuana in the US could potentially open up new markets for Clever Leaves, leading to increased revenues and a higher stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Cronos Group (CRON) stock is trading higher due to US efforts to reschedule marijuana.
The rescheduling of marijuana in the US could potentially open up new markets for Cronos Group, leading to increased revenues and a higher stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
GrowGeneration (GRWG) stock is trading higher due to US efforts to reschedule marijuana.
The rescheduling of marijuana in the US could potentially open up new markets for GrowGeneration, leading to increased revenues and a higher stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
High Tide (HITI) stock is trading higher due to US efforts to reschedule marijuana.
The rescheduling of marijuana in the US could potentially open up new markets for High Tide, leading to increased revenues and a higher stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
AdvisorShares Pure US Cannabis ETF (MSOS) is trading higher due to US efforts to reschedule marijuana.
The rescheduling of marijuana in the US could potentially open up new markets for the companies included in the AdvisorShares Pure US Cannabis ETF, leading to increased revenues and a higher ETF price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Organigram (OGI) stock is trading higher due to US efforts to reschedule marijuana.
The rescheduling of marijuana in the US could potentially open up new markets for Organigram, leading to increased revenues and a higher stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Sundial Growers (SNDL) stock is trading higher due to US efforts to reschedule marijuana.
The rescheduling of marijuana in the US could potentially open up new markets for Sundial Growers, leading to increased revenues and a higher stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100