ACB - Why These 3 Marijuana Stocks Rocketed Higher This Week
2023-09-14 14:35:00 ET
Canadian marijuana stocks have been on fire this week. Speaking to this point, Aurora Cannabis (NASDAQ: ACB) saw its shares soar by 88% through the first three and a half days of trading this week, while Cronos Group (NASDAQ: CRON) and SNDL (NASDAQ: SNDL) managed a 17.5% and 19.2% gain, respectively, over this same period, according to data provided by S&P Global Market Intelligence .
These impressive increases contrast with the modest 1.22% rise of the S&P 500 index over the same period. Furthermore, Aurora Cannabis, Cronos Group, and SNDL had all suffered significant losses in the past 12 months before this week's sudden reversal.
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Why These 3 Marijuana Stocks Rocketed Higher This Week