Skyrocketing Stocks: The Rise of CGC and ACB 📈

Author

Jeff Williams
September 11, 2023

Hey Guys and Gals,

And BOOM!

Markets start the week off with a strong push upwards as the Nasdaq closed up 1.16% with tech stocks showed a strong rebound; well, all except NVDA that is, but I think it’s time is coming soon!

TSLA shares ripped off a solid $25+ run today before failing to break $275, is a push to $300 back on the horizon here?

Market Update

What a time for pot stocks!

Since the initial report to my premium subscribers, CGC has experienced substantial growth, boasting a remarkable 148% increase.

*trading is hard, results not guaranteed

I initially reported that CGC was primed for surging into the $.80 - $.90 range and today, it blew past that to a high of $1.79 and closing at $1.69.

Additionally, I have my eye on ACB as another strong contender in the sector.

This is due largely in part to the overall strong performance of the cannabis sector in light of the recent news that the Department of Health and Human Services (HHS) proposed reclassifying marijuana to a lower-risk drug category.

Another positive development encouraging the upward trend includes an update from Senate Banking Committee chair Sherrod Brown that there is “an agreement imminent” on the SAFE Banking Act - a measure that aims to make it easier for the financial industry to work with cannabis companies - and that he wanted to act on it “in the next six weeks.”

While I think these trades are overextended and could potentially go up in smoke soon, right now could be the time to pounce. The lesson here is that the news can inform the markets, but it’s not determinative – a lot of factors can go into whether a trade is worth taking.

Thanks for reading and here’s to your success.

P.S. I’m launching a new challenge between now and the end of the year. Discover the strategies and market insights I’ll be using to aim for a 5x return. Tune in for this live-action case study to transform a modest $2,000 into a whopping $10,000.

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