Last week several cannabis stocks grew significantly by pushing investors to buy other similar shares that usually cost pennies as compared to biotech stocks. Today in premarket Sundial Growers (NASDAQ: SNDL) pops 11% on 3.4 million shares which are traded due to blasting off demand from cannabis-loving traders.
Coronavirus stocks are still on headlines but slowly they are losing the ground to tech and canopy related companies’ shares. Phase 2/3/4 words from COVID-19 vaccine developers are actually making people impatient and urging to go for self-treatment if one gets affected.
This week may become a short period for cannabis stock to gain points further by inspiring penny stock fans to revise all the canopy growing and distributing companies.
Biotech, Tech, and Crypto reporter
Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.