Shares of Aurora Cannabis (ACB 44.06%) popped last month. The cannabis producer didn't release any earnings number or announce a huge deal. This unexpected surge in stock value caught the attention of investors and industry analysts alike. Aurora Cannabis Inc. led gains among Canadian cannabis stocks on Wednesday after an industry executive was named president of the Cannabis Council of Canada. This news added to the positive momentum surrounding the company.
Various themes and sectors garnered buzz and attention as the first quarter drew to a close. However, one industry that has been in a lull is the cannabis sector. With regulations changing and market demand shifting, companies like Aurora Cannabis are looking for ways to stay competitive and drive growth. Shares of Aurora Cannabis (NASDAQ: ACB) popped last month. The cannabis producer didn't release any earnings number or announce a huge deal, making the surge even more surprising.
By Steve Gelsi. Ex-Canopy executive joins Cannabis Council of Canada, drawing praise from Aurora SVP. Aurora Cannabis Inc. led big gains in the market, showcasing the potential for growth in the cannabis industry. Cannabis stocks Aurora Cannabis Inc. ACB+18.1%. + Free Alerts. and Canopy Growth Corporation. CGC+10.4%. + Free Alerts. saw significant increases in trading activity, indicating renewed interest in the sector.