What happened
Cannabis stock investors were clearly fired up on Wednesday, bidding up the shares of Canadian players Canopy Growth (NYSE:CGC), Tilray (NASDAQ:TLRY), and Aurora Cannabis (NYSE:ACB). Canopy Growth was the champ of the trio, advancing by 3.2% on the day, while both Tilray and Aurora rose by just under 3%.
So what
On Wednesday. the see-saw that is publicly traded marijuana was on an up cycle. The likely catalyst was the latest official figures from Statistics Canada. These show that cannabis sales climbed by over 5% on a month-over-month basis to hit $244.9 million Canadian ($186 million) in August — a new monthly record.
Image source: Getty Images.
Better, all of the country’s 13 provinces and territories recorded increases, and not only for August — they have now notched gains for…
