The ACB stock price experienced mild volatility as Canadian cannabis market data revealed stronger-than-expected monthly sales. Such fundamentals could support a steady uptrend in coming sessions. Valued at $1.27 billion, Tilray Brands has evolved from a Canadian pure-play cannabis company to a global consumer packaged goods (CPG) and lifestyle company that operates at the intersection of cannabis, beverages, and wellness products. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. After opening flat, ACB stock price ticked higher to $0.54 on strong sector performance. Short interest remains elevated, hinting at potential short squeeze scenarios if positive retail sales data emerges. Investors are watching legalization news in US markets closely.
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