Strength Seen in Canopy Growth (CGC): Can Its 11.0% Jump Turn into More Strength?
Canopy Growth(CGC) zacks.com·2024-05-17 15:31
Canopy Growth Corporation (CGC) shares ended the last trading session 11% higher at $11. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 52.7% gain over the past four weeks.The surge in Canopy Growth's shares can be attributed to the U.S. Government's proposal to reclassify marijuana from Schedule I (reserved for drugs with a high potential for abuse) to Schedule III (reserved for drugs with a moderate to low poten ...