“After the VP debate when Harris pitched decriminalizing cannabis at the federal level, these stocks soared.”
LOL! ACB trending down all year. No spike in October.
VP Debate was night of Oct 7th, ACB closed at $4.61 that day. On October 8th, ACB closed at $5.10, up 10.6% that day in reaction to Harris’ comments. The vast majority of cannabis stocks did similarly. ACB is among the weaker of them, and hasn’t trended well since, but the catalyst was very clear. The others are generally near new highs still. CGC, for example, was up 13.5% on October 8th and has continued to move higher.