It’s well-known among those following the sector that $CGC (...
It’s well-known among those following the sector that $CGC ( $Canopy Growth Corp (WEED.CA)$ ) was down 85% from its 52-week high, while and $ACB ( $Aurora Cannabis Inc (ACB.CA)$ ) had decreased about 75% from its peak.
Both companies are expanding into Germany and should capitalize on changes in German cannabis policies. There have also been favorable developments in the cannabis industry, including in Florida and ongoing hopes for policy changes in the USA.
Recent positive news about company operations contributed. Canopy has been strategizing for its US expansion, and Aurora has significantly reduced its debt. However, these factors alone typically do not lead to such dramatic stock price increases.
Both companies are expanding into Germany and should capitalize on changes in German cannabis policies. There have also been favorable developments in the cannabis industry, including in Florida and ongoing hopes for policy changes in the USA.
Recent positive news about company operations contributed. Canopy has been strategizing for its US expansion, and Aurora has significantly reduced its debt. However, these factors alone typically do not lead to such dramatic stock price increases.
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