Grwg stock forecast recently released economic indicators

Recently released economic indicators signal increased consumer spending in niche agriculture markets, prompting some upward revisions in the GRWG forecast for the next 6–9 months. While U.S. federal cannabis legalization remains a work-in-progress, Canada-based cannabis companies like Aurora Cannabis (NASDAQ: ACB ) have had to contend with excess capacity. It's worthwhile assessing if the company's economics have been moving in lockstep with these underwhelming shareholder returns, or if there is some disparity between the two. So let's do just that. Current GRWG stock forecast data points to a potential upside if revenue growth maintains its recent double-digit quarter-over-quarter pace. Technicals show the stock holding above its 50-day moving average, a bullish short-term signal watched by momentum traders in the agritech and hydroponics segment.