Why Canopy and Sundial Dropped Today, but Curaleaf Popped
Apparently, when you’re a marijuana investor, and the prospects for marijuana legalization suddenly get a lot brighter — in other words, it’s a day like Monday. As of noon Monday, EST, shares of Canopy Growth (NASDAQ: CGC) were down 3% and Sundial Growers (NASDAQ: SNDL) was doing the opposite of growing — down 4.8% — in response to confirmation that the long-rumored Republican House bill to legalize marijuana has arrived. In contrast, shares of Curaleaf Holdings (OTC: CURLF) were headed higher, up 5.4% — which just goes to show how unpredictable marijuana stocks can be.
Leave a Reply