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Benzinga
Benzinga
Business
Nicolas Jose Rodriguez

Why Is Clever Leaves Stock Surging 140%? Look To Washington DC Next Week For The Answer

Stocks of Clever Leaves Holdings Inc. (NASDAQ:CLVRW) are soaring as of late Friday following reports indicating the U.S. House Rules Committee has scheduled a Monday afternoon meeting to prepare the MORE Act, a federal marijuana legalization bill, for floor action. Clever Leaves is a leading multinational operator and licensed producer of pharmaceutical-grade cannabinoids.

Shares of several other cannabis firms, including Aurora Cannabis Inc (NASDAQ:ACB), Canopy Growth Corp (NASDAQ:CGC), Cronos Group Inc (NASDAQ:CRON), Sundial Growers Inc (NASDAQ:SNDL), and Tilray Inc (NASDAQ:TLRY), are all trending higher

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