The leading Canadian cannabis stocks Aurora Cannabis, Aphria Inc, and Canopy Growth burst in early trading Wednesday. The move was followed that Aurora and Aphria that talks about a possible merger between the two companies broke down this week according to BBN Bloomberg. However, analysts are still optimistic about cannabis stocks as today both companies are reporting gains. On Wednesday trading market “Aurora shares are selling 3.7% higher as of 1:05 p.m. EDT, Aphria is up 4.8%, and even Canopy — which is not involved in the buyout talks at all — is up 3.3%”. Despite the break down of negotiations trend show the prospect of a “global cannabis behemoth ” could result in other companies considering such similar mergers in the future.
– The Motley Fool, July 15th, 2020