2 ‘Underfollowed’ Cannabis Stocks Gearing up for Gains; Analyst Says ‘Buy’
Why Curaleaf, Canopy Growth, and Hexo Stocks Are Glowing Green Today
Marijuana stocks were off to the races Monday: As of 12:20 p.m. EST, Curaleaf Holdings (OTC: CURLF) had risen 7.4%, Canopy Growth (NASDAQ: CGC) was up 7.9%, and Hexo (NASDAQ: HEXO) was leading the pack higher with an 11.5% gain. Turns out, Canopy Growth is the outlier, enjoying its big gains despite suffering downgrades from analysts at three separate Wall Street firms — CIBC, Cowen & Co., and Canaccord Genuity. What’s more, two of the three bankers dropped Canopy all the way to sell — Cowen gave it a more gentle cut to market perform, reports TheFly.com.