VP Debate was night of Oct 7th, ACB closed at $4.61 that day. On October 8th, ACB closed at $5.10, up 10.6% that day in reaction to Harris’ comments. The vast majority of cannabis stocks did similarly. ACB is among the weaker of them, and hasn’t trended well since, but the catalyst was very clear. The others are generally near new highs still. CGC, for example, was up 13.5% on October 8th and has continued to move higher.
Barely a blip after losing 50% in the previous month.
“and hasn’t trended well since, “
Best trend all year!
“The others are generally near new highs still. CGC, for example, was up 13.5% on October 8th and has continued to move higher.”
About where it was in August and a long way from its all-time high.