Cannabis Stocks React To Biden Announcement: Monday’s Closing Market Moves
The cannabis sector witnessed significant movement today, with varied performances across key stocks and ETFs following President Joe Biden’s Sunday announcement that he will not seek re-election. The news created ripples in the market, reflecting investor sentiment and speculation about future regulatory changes.
Biggest Winners
Aurora Cannabis (NASDAQ: ACB): Increased by 9.04% to $6.02. Positive sentiment is driven by strategic partnerships.
Village Farms International (NASDAQ: VFF): Rose by 7.41% to $1.09. The stock benefited from operational efficiency news.
Tilray Brands (NASDAQ: TLRY): Saw a rise of 6.70% to $1.87. Investor optimism on future growth prospects in Germany.
SNDL (NASDAQ: SNDL): Experienced an increase of 9.66% to $2.22. Strong earnings and cash flow, reports boosted the …