Four cannabis stocks are demonstrating significant technical momentum, seemingly undeterred by new regulatory headwinds from Washington.
Momentum Improves For 4 Cannabis Stocks
The positive trend comes even as Congress passed a government funding bill that includes a controversial provision to re-criminalize many popular hemp-derived THC products, a move that could disrupt a large segment of the market.
The stocks logging the gains include Tilray Brands Inc. (NASDAQ:TLRY), Cronos Group Inc. (NASDAQ:CRON), Organigram Global Inc. (NASDAQ:OGI), and SNDL Inc. (NASDAQ:SNDL).
What Does Momentum Ranking Entail?
According to Benzinga Edge’s Stock Rankings, which measure a stock’s relative price strength over multiple timeframes, all four companies show strong positive momentum.
This technical strength is supported by their recent performance, particularly over the last six months.
| Stock | Benzinga Momentum Ranking | 6-Month Return | YTD Return | One-Year Return |
| TLRY | 92.08 (Green) | 156.82% | -22.60% | -18.12% |
| CRON | 71.16 (Green) | 20.39% | 20.39% | 19.81% |
| OGI | 67.70 (Green) | 26.23% | -7.23% | 2.67% |
| SNDL | 66.34 (Green) | 32.81% | 32.81% | -12.82% |
Tilray Brands
- TLRY maintains a weaker price trend over the short term but a strong trend in the medium and long terms, with a poor growth. Additional performance details are …
Full story available on Benzinga.com
Four cannabis stocks are demonstrating significant technical momentum, seemingly undeterred by new regulatory headwinds from Washington.
Momentum Improves For 4 Cannabis Stocks
The positive trend comes even as Congress passed a government funding bill that includes a controversial provision to re-criminalize many popular hemp-derived THC products, a move that could disrupt a large segment of the market.
The stocks logging the gains include Tilray Brands Inc. (NASDAQ:TLRY), Cronos Group Inc. (NASDAQ:CRON), Organigram Global Inc. (NASDAQ:OGI), and SNDL Inc. (NASDAQ:SNDL).
What Does Momentum Ranking Entail?
According to Benzinga Edge’s Stock Rankings, which measure a stock’s relative price strength over multiple timeframes, all four companies show strong positive momentum.
This technical strength is supported by their recent performance, particularly over the last six months.
| Stock | Benzinga Momentum Ranking | 6-Month Return | YTD Return | One-Year Return |
| TLRY | 92.08 (Green) | 156.82% | -22.60% | -18.12% |
| CRON | 71.16 (Green) | 20.39% | 20.39% | 19.81% |
| OGI | 67.70 (Green) | 26.23% | -7.23% | 2.67% |
| SNDL | 66.34 (Green) | 32.81% | 32.81% | -12.82% |
Tilray Brands
- TLRY maintains a weaker price trend over the short term but a strong trend in the medium and long terms, with a poor growth. Additional performance details are …
Full story available on Benzinga.com
Four cannabis stocks are demonstrating significant technical momentum, seemingly undeterred by new regulatory headwinds from Washington.
Momentum Improves For 4 Cannabis Stocks
The positive trend comes even as Congress passed a government funding bill that includes a controversial provision to re-criminalize many popular hemp-derived THC products, a move that could disrupt a large segment of the market.
The stocks logging the gains include Tilray Brands Inc. (NASDAQ:TLRY), Cronos Group Inc. (NASDAQ:CRON), Organigram Global Inc. (NASDAQ:OGI), and SNDL Inc. (NASDAQ:SNDL).
What Does Momentum Ranking Entail?
According to Benzinga Edge’s Stock Rankings, which measure a stock’s relative price strength over multiple timeframes, all four companies show strong positive momentum.
This technical strength is supported by their recent performance, particularly over the last six months.
Stock
Benzinga Momentum Ranking
6-Month Return
YTD Return
One-Year Return
TLRY
92.08 (Green)
156.82%
-22.60%
-18.12%
CRON
71.16 (Green)
20.39%
20.39%
19.81%
OGI
67.70 (Green)
26.23%
-7.23%
2.67%
SNDL
66.34 (Green)
32.81%
32.81%
-12.82%
Tilray Brands
TLRY maintains a weaker price trend over the short term but a strong trend in the medium and long terms, with a poor growth. Additional performance details are …Full story available on Benzinga.com Read Morebenzinga ratings, Cannabis, CRON, Equities, Market Summary, News, OGI, SNDL, TLRY, Futures, Technicals, Markets, Trading Ideas, General, OGI, CRON, TLRY, US88688T1007, SNDL, News, Equities, Cannabis, Market Summary, Futures, Technicals, Markets, Trading Ideas, General, Benzinga Markets
