Why Fire & Flower (FAF.TO) (FFLWF) Stocks Move Up Suddenly on High Volume

Cannabis stocks have come back in focus among investors in a big way in 2021 so far this year and one of the cannabis stocks to have made considerable gains so far this year is that of Fire & Flower Holdings Corp (FAF.TO) (OTC: FFLWF).

The Fire & Flower Holdings stocks soared by 10.70% on Friday and that took its total gains for the year to as much as 60%. There was no specific news about the company on Friday but back on March 24 Fire & Flower Holdings made a significant announcement.

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Fire & Flower Holdings announced that it finalized a strategic agreement with BDS Analytics Inc through its fully owned subsidiary company Hifyre Inc. According to the terms of the agreement between the two parties, the Canadian digital retail and analytics products owned by Hifyre are going to be inducted into the United States-based online market research portal owned by BDS Analytics.

Jack Dawkins

Finance and Tech Contributor