Why Tilray, Aurora Cannabis, and Canopy Growth Are Glowing Green

·3-min read
Why Tilray, Aurora Cannabis, and Canopy Growth Are Glowing Green

Analysts at investment bank Wells Fargo initiated coverage across the sector, warning of overvaluation among marijuana companies and suggesting investors turn their attention to hydroponics suppliers instead -- but marijuana stocks leapt higher anyway. As of 12:35 p.m. ET, shares of Tilray (NASDAQ: TLRY) are gaining 4.6%, and both Aurora Cannabis (NASDAQ: ACB) and Canopy Growth (NASDAQ: CGC) are up 7.1% each. The focus of Wells Fargo's ire this morning is the last company on that list -- Canopy Growth.

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