Cannabis stocks have recently gathered attention as Reddit traders reportedly targeted the industry now. Earlier the same WallStreetBets Reddit army contributed to speculative frenzy leading to a short squeeze in GameStop among others. Now the same group seems to be betting that cannabis stocks might benefit from potential cannabis federal legalisation under the new Democratic administration. Some companies literally skyrocketed yesterday - Tilray (TLRY.US) soared 50% while Aurora Cannabis (ACB.US) gained as much as 21%.
Below we present some stocks with exposure to cannabis, which you may find in xStation5:
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app-
Tilray (TLRY.US)
-
Aurora Cannabis (ACB.US)
-
Aphria (APHA.US)
-
AbbVie (ABBV.US)
-
Anheuser-Busch inBev (BUD.US)
-
Altria Group (MO.US)
-
The Scotts Miracle-Grow Company (SMG.US)
-
Molson Coors Beverage Company (TAP.US)
-
GW Pharmaceuticals (GWPH.US)
-
NewAge (NBEV.US)
-
Corbus Pharmaceuticals Holdings (CRBP.US)
Aurora Cannabis (ACB.US), a Canadian cannabis producer, soared 21% yesterday. Bulls have managed to reach 2020-highs near $18.90. Should the euphoria continue, traders may target an area at $26.70. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
