Why Pot Stocks Like Sundial Growers and Curaleaf Were Buzzing Today

Eric Volkman, The Motley Fool
·2 min read
Why Pot Stocks Like Sundial Growers and Curaleaf Were Buzzing Today

This was due largely to yet another U.S. state opting for recreational legalization, and a nearby state reporting its first month of such sales. Curaleaf (OTC: CURLF), for example, edged up by 0.8%, while even beleaguered Canadian pot companies rose in sympathy -- Sundial Growers (NASDAQ: SNDL) rose 2%, Aurora Cannabis (NASDAQ: ACB) popped by over 4%, and Canopy Growth (NASDAQ: CGC) blasted nearly 6% higher. With the stroke of a pen, Governor Dan McKee on Wednesday made Rhode Island the 19th state in the U.S. to legalize recreational marijuana.

Continue reading
  • Up next
  • Up next
  • Up next
  • Up next

Latest Stories

  • BBC radio star Zoe Ball announces death of mother following cancer diagnosis

    The BBC Radio 2 presenter announced in early March that her mother Julia had been diagnosed with cancer.

  • Dow Jones Futures Rise After Market Rallies Again; Tesla Soars As Elon Musk Touts 'Affordable' EV, Robotaxi

    The rally attempt is gaining steam. Tesla soared as Elon Musk said "affordable" EVs will come in 2025 and touted robotaxis.

  • Blinken eyes US-China ties on visit, but trade, Taiwan, Tiktok mark challenges

    U.S. Secretary of State Antony Blinken arrives in Shanghai on Wednesday with U.S.-China ties on a steadier footing, but with a daunting array of unresolved issues threatening the stability of relations between the global rivals. Blinken will meet with business leaders before heading to Beijing for talks on Friday with his counterpart, Foreign Minister Wang Yi, and a likely meeting with President Xi Jinping.Blinken's visit is the latest high-level contact between the two nations that, along with

  • Q1 2024 W R Berkley Corp Earnings Call

    Q1 2024 W R Berkley Corp Earnings Call

  • Louvre exhibition zooms in on history and those behind the modern Olympics

    Three months before the start of the Paris Olympics, the Louvre will add its cultural heft to the prelude with the launch on Wednesday of an exhibition glorifying the museum's role in the birth of the modern Games. It features the academics, artists and politicians whose dynamism defined the Olympics at its rebirth in 1896. "Olympism, a Modern Creation, an Ancient Heritage" runs until 16 September in the Galerie Richelieu and gathers 120 vases, pictures, drawings, stamps and letters from the Lou

  • Analysis-China's EV survival game creates peril - and power

    By most measures, the last thing China needs is more electric cars crowding a market with more losers than winners, driving down prices at the expense of profit and taking the fight for market share beyond China. But while there is a peril in China's overcapacity, there is also a power in the hyper-competition it has unleashed, analysts, suppliers and executives say. China's leading EV makers have found ways to slash vehicle development time, combining speed to market with new features and a pricing advantage rivals outside cannot match.

  • US seeks 36 months' jail for Binance founder Zhao

    Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, should serve 36 months in prison after pleading guilty to violating laws against money laundering, U.S. prosecutors said in a court filing on Tuesday. Zhao, who is expected to be sentenced on April 30 in Seattle, stepped down as Binance's chief last November, when he and the exchange admitted to the violations, and the firm agreed to a penalty of $4.32 billion. "Given the magnitude of Zhao's willful violation of U.S. law and its consequences, an above-guidelines sentence of 36 months is warranted," U.S. prosecutors told the U.S. district court for the western district of Washington.

  • 3 French Dividend Stocks With Yields Up To 8.6%

    Amid a backdrop of mixed performances across major European stock indices, with France's CAC 40 showing relative stability in an otherwise fluctuating market environment, investors might find reassurance in dividend stocks. These stocks can offer potential income stability and are particularly appealing during times when market volatility underscores the value of predictable returns.

  • Is Babcock International Group PLC's (LON:BAB) 9.1% ROE Strong Compared To Its Industry?

    While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...

  • NBA Twitter reacts to Mavs – Clippers Game 2 thriller: ‘Luka won the game defensively’

    Here's how NBA Twitter reacted to the Mavericks tying up the series against the Clippers.

  • London travel news LIVE: Motorists stuck in 8-mile tailbacks on A13 due to emergency repairs

    Motorists have been stuck in queues coming into London from Essex on the A13 East India Dock road following emergency repairs. All lanes have now reopened, but traffic monitoring system said on Tuesday afternoon that queues are still congesting the road. On the Underground, there are minor delays on the Central Line between Leytonstone and Hainault via Newbury Park.

  • Pa. primaries 2024: Biden, Trump win nominations; important races set for November

    Pennsylvanians are voting in Republican and Democratic primaries on Tuesday with 17 House seats up for election in November.

  • Australian PM calls Elon Musk an 'arrogant billionaire' in row over attack footage

    Anthony Albanese's comments come amid a feud over X's reluctance to remove footage of a stabbing.

  • Q1 2024 Crane Co Earnings Call

    Q1 2024 Crane Co Earnings Call

  • Studio Ghibli’s work ‘like Shakespeare’, says My Neighbour Totoro stage show’s director

    Hayao Miyazaki’s animations praised by Phelim McDermott as new production in West End announced

  • London travel news LIVE: Waterloo trains cancelled after person hit by train between Richmond and Teddington

    Emergency services are responding to reports a person has been struck by a train between Kingston and Teddington. The incident has closed all lines as power has had to be shut to allow emergency workers access to the railway, causing disruption to several London Waterloo services. National Rail says the following services are cancelled, with disruption expected to last until at least 10am: Waterloo to Teddington via Richmond; Waterloo to Strawberry Hill via Kingston, and Waterloo to Shepperton services.

  • Are Investors Undervaluing Franchise Brands plc (LON:FRAN) By 49%?

    Key Insights The projected fair value for Franchise Brands is UK£3.74 based on 2 Stage Free Cash Flow to Equity...

  • 'I'm just really grateful': Scottsdale teen donates books to those in need

    Ellie Park created the 'Books for All Foundation' to collect book donations from her community and bring them to areas with limited access to them. Her first delivery of 400 books was to Dilkon Restoration Church on the reservation.

  • Exploring Top Dividend Stocks In Hong Kong For April 2024

    As of April 2024, the Hong Kong market faces challenges amidst a backdrop of geopolitical tensions and economic uncertainties that have influenced global markets. Despite these headwinds, dividend stocks remain a focal point for investors seeking potential stability and income generation in turbulent times. In this context, understanding the fundamentals of robust dividend-paying companies becomes crucial. These firms typically exhibit strong financial health and consistent earnings,...

  • Mum started out with £300 - now she's £1m Queen Bee

    A woman who survived domestic abuse has grown a successful business motivating entrepreneurs.