TLRY - Why Canopy Growth Aurora Cannabis and Tilray Stocks Are All Over the Map Today
2023-09-12 12:11:24 ET
Anecdotally, at least, I hear that medical marijuana is sometimes prescribed as a treatment for nausea -- but it's having the opposite effect upon marijuana investors Tuesday morning. Shares of pot stocks such as Tilray Brands (NASDAQ: TLRY) , Canopy Growth (NASDAQ: CGC) , and Aurora Cannabis (NASDAQ: ACB) have all swung around wildly, from highs as high as up 26% (Aurora) to lows as low as down 18% (Canopy), and everything in between -- all in the space of less than an hour of stock market trading.
As things start to settle down circa 10:45 a.m. ET, we're looking at Tilray stock down 9.5% and Canopy Growth down 12.4%, but Aurora Cannabis up 7.5%.
Such erratic trading patterns may be making cannabis investors feel a bit queasy. But fear not -- we're here to help explain what's going on.
For further details see:
Why Canopy Growth, Aurora Cannabis, and Tilray Stocks Are All Over the Map Today