UPDATE: Cannabis stocks stage strong premarket rally on hopes the pro-reform Democrats may take the Senate [MarketWatch]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: MarketWatch
Cannabis stocks rallied in premarket trade Wednesday, on hopes the Democrats may take the Senate after Raphael Warnock won one of two Senate runoffs in Georgia early Wednesday, according to the Associated Press, bringing Democrats a seat closer to a Senate majority. With 97% of the expected vote total reported, Democratic challenger Jon Ossoff was leading Republican Sen. David Perdue by just 0.22 percentage points, according to data aggregated by the Associated Press. Democrats are expected to pursue a more cannabis reform agenda under President-elect Joe Biden and Vice President-elect Kamala Harris, who have been more supportive of opening the banking sector and other needed services to the industry, which has been hampered by the tricky regulatory backdrop that has allowed the black market to continue to flourish. "We go from speculating what President-elect Biden could have done for cannabis reform via Executive Order (or by directives/"memos" from his incoming Attorney General) an
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ACB
Analyst Actions
- 2/8/24 - CANACCORD
ACB
Sec Filings
- 3/1/24 - Form 6-K
- 2/16/24 - Form 6-K
- 2/8/24 - Form 6-K
- ACB's page on the SEC website