|Bid||4.1800 x 40700|
|Ask||4.1900 x 43500|
|Day's Range||4.1200 - 4.4800|
|52 Week Range||3.0000 - 14.2700|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||10.00|
|Earnings Date||Oct 05, 2022 - Oct 10, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||15.20|
Canopy Growth stock (TSX:WEED)(NASDAQ:CGC) popped 20% on Monday from an announcement made by another cannabis producer. The post Canopy Growth Stock Jumps 20%: Here’s What Happened appeared first on The Motley Fool Canada.
Canadian cannabis stocks soared Monday morning, with Tilray Brands (NASDAQ: TLRY), Canopy Growth (NASDAQ: CGC), and Aurora Cannabis (NASDAQ: ACB) spiking between 11% and 17% in earlier trading. As of 1:50 p.m. ET, Tilray remained up 6.3%, while Canopy Growth and Aurora were 16.5% and 7.1% higher, respectively. The jumps come as there continues to be hope for some level of marijuana legalization legislation making it through the U.S. Senate this year.
The U.S. market for cannabis is staggering, according to Tilray CEO Irwin Simon — even as it awaits a green light from Congress.