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home / news releases / POTX - Cannabis stocks surge amid Tilray U.K. Pact Canopy's robust Q3 sales

POTX - Cannabis stocks surge amid Tilray U.K. Pact Canopy's robust Q3 sales

Global X Cannabis ETF
Marijuana stocks are up in premarket trading on the heels of Tilray (TLRY) signing a pact to distribute medical cannabis products in U.K. and Canopy Growth's (CGC) fiscal Q3 revenue beat.Related names: Aurora Cannabis (ACB) +5.4%, Hexo (HEXO) +4.8%, Aphria (APHA) +12.8%, Cronos Group (CRON) +2.8%, OrganiGram Holdings (OGI) +10%.The broader indexes also surged with, pot ETF ETFMG Alternative Harvest (MJ) up about 6% whereas Global X Cannabis ETF (POTX) soars 8%. Spinnaker Cannabis ETF (THCX) rises 8.2%.Gains in the cannabis sector were spurred after Jazz Pharmaceuticals announced its plans to buy medical cannabinoid firm GW Pharma for $7.2B.Cannabis ETF Global X is torching its peers, up 85% so far in 2021

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Cannabis stocks surge amid Tilray U.K. Pact, Canopy's robust Q3 sales
Stock Information
Company Name: Global X Cannabis ETF
Stock Symbol: POTX
Market: NYSE
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