Is There An Cannabis IPO Waterfall On The Way If Biden Wins?

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Ganjapreneur reports Several cannabis and hemp companies are planning initial public offerings in a bet that Democratic candidate Joe Biden will win next month’s election, Reuters reports. Representatives from Flora Growth, Gage Cannabis, BioMedican, and Vertical Wellness each indicated plans to go public next year, in part, due to the growing possibility of a Biden win in November. A post-debate FiveThirtyEight analysis suggests that Biden received a slight bump in the polls following the debate, while Republican President Donald Trump’s rating dipped slightly. The report notes that following the September 29 presidential debate, stock in cannabis companies with US operations, including Curaleaf Holdings, Cresco Labs Ltd, and Green Thumb Industries Inc, rose more than 20 percent. According to murmurings in the sector that is indeed the case.

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According to murmurings in the sector that is indeed the case.

Ganjapreneur reports

Several cannabis and hemp companies are planning initial public offerings in a bet that Democratic candidate Joe Biden will win next month’s election, Reuters reports. Representatives from Flora Growth, Gage Cannabis, BioMedican, and Vertical Wellness each indicated plans to go public next year, in...

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