Delta, Kelowna, BC – March 27, 2020 (Investorideas.com Newswire) www.Investorideas.com, a global news source covering leading sectors including marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s podcast edition of cannabis news and stocks to watch plus insight from thought leaders and experts.
Listen to the podcast:
https://www.investorideas.com/Audio/Podcasts/2020/032720-StocksToWatch.mp3
Investor Ideas Potcasts, Cannabis News and Stocks on the Move; Episode 390 – Cannabis Stocks Rebound (NASDAQ: $TLRY) (NYSE: $HEXO) (NYSE: $CGC)
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Today’s podcast overview/transcript:
Good afternoon and welcome to another episode of Investorideas.com “Potcast” featuring cannabis news, stocks to watch as well as insights from thought leaders and experts.
In today’s podcast we are looking at a couple of the larger LP’s stocks that have taken a good run this week as investor sentiment begins to return to the cannabis sector.
Giants like Tilray Inc. (NASDAQ: TLRY), Hexo Corp. (NYSE: HEXO) and Canopy Growth Corporation (NYSE: CGC) have all been trading up around 20% since Wednesday this week and continuing through today. All were trading on high volume and this spread out to other well known companies in the sector.
There’s lots of speculation on what caused this recent surge but many are pointing to recent news that came out suggesting that the COVID-19 Pandemic could help the US push for federal legalization this year.
This news has followed on the heels of massive sales numbers in most US States and in Canada that has helped reinvigorate investor interest in the sector.
Another large factor to consider is how the cannabis sector was already coming off of a massive slump for the past six months and most large scale companies were already in the process of removing non-essential assets and focussing on efficiency and lower costs which was only accelerated from the COVID-19 Pandemic.
These combinations of news piece and market speculation seem to be holding up for now but it will be worth taking note of how long this run can last and what factors lead to its eventual halt.
Investor ideas reminds all listeners to read our disclaimers and disclosures on the Investorideas.com website and this podcast is not an endorsement to buy products or services or securities. Investors are reminded all investment involves risk and possible loss of investment
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