Cannabis was a big winner from the results of the United States’ election, and industry stocks are soaring on both the voting results and recent earnings. Companies such as Canopy Growth Corporation, Tilray, and Aurora Cannabis are seeing their valuations pop in pre-market trading as good news for the industry adds up.
Some companies are seeing double digital gains before markets officially open. Aurora Cannabis is up over 50% as of writing. This comes as stock market indexes worldwide are exploding on the news of a viable Covid-19 vaccine.
Recent earnings reports from Aurora Cannabis, Tilway, and Canopy Growth Corporation paint a picture of a reforming industry. Over the pandemic, these companies saw interest in cannabis soar while taking painful steps in reducing human labor