Canadian marijuana stocks soared on Monday as investors reacted to the prospects that the U.S. election results in November could improve the prospects for the cannabis industry. However, the market later saw stocks despite the potential positive prediction from analysts. Shares of Aurora Cannabis were falling 9.3% lower as of 11:09 a.m. EDT on Tuesday. Then, Canopy Growth stock was down 5.5%, while shares of Tilray declined 4.3%. These declines wiped out much of the gains generated by the stocks on Monday. Investors are better off ignoring the day-to-day price swings. It’s more important to focus on the long-term growth prospects for each company.
Mmp News Author, Medical Marijuana Program Connection, 10/21/2020 05:58:24
Open article: https://mmpconnect.com/why-marijuana-stocks-aurora-cannabis-canopy-growth-and-tilray-are-giving-up-much-of-mondays-gains/