Aug. 7 at 1:56 PM
$TLRY $CGC $ACB $SNDL $MSOS Canopy Growth earnings before the open with gross revenue of
$100M (beating Tilray's
$71M in Cannabis) and EPS of -
$0.03 in line with estimates (beating Tilray's -
$0.43 unadjusted EPS), this pushed its stock to
$1.00 at the open to potentially avoid its Nasdaq non-compliance. MSOS is stagnating below its 200-day moving average creating a risk of a Death Cross. ACB continues with bullish momentum into its upper Bollinger Band trying to return to its 100ema on the daily while TLRY and SNDL stagnate sideways this morning.
US jobs report underperformed with 23k jobs lost while Canadian jobs report shows jump in 75k jobs and its Friday near the end of the summer, will take-profits-and-hit-the-links take hold or recent bullish momentum continue to support the cannabis sector into the weekend?
