Cannabis stocks were off to the races again Tuesday Sept. 25, with Tilray (TLRY) and other legal-weed stocks soaring.
Tilray, perhaps one of the most followed pot stocks of late, rose more than 17% to $116.85 in the early going but ended the day up only about 8%. The medical marijuana company fell nearly 20% Monday before recovering a tad in after-market trading. Volatility for this stock has been incredibly high.
New Age Beverages (NBEV) also popped some 17% Tuesday morning to $4.64, but ended the day up roughly 12.6%, It's a small cap stock, unlike Tilray, valued at only $148 million, but it's been part of the high-flying group of marijuana stocks. NBEV hit an all-time high of $7.85 a share Sept. 20, but has since come way back down. Still, it's back in soar mode so far Tuesday.
Elsewhere in the sector:
- Alefia Health (ALEAF) was up 21% early Tuesday at $2.92 a share, and ended up 27%. The stock went public in mid-May and only topped $1 per share earlier this month. ALEAF is hitting all-time highs Tuesday.
- Canopy Growth (CGC) is coming in at more muted gains Tuesday morning, up about 3.7%at $54.43 a share, and ended the day flattish, up around .5%. Canopy Growth went public in 2014 and was a penny stock until around early 2017, but is up some 690% since then. CGC moved from less than $25 a share on August 13 to the $50s -- a more than 100% pop.
This article has been updated with closing stock prices.
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