The cannabis industry is going through interesting times. After a phase characterized by intense competition, the industry seems to be in a period of consolidation. Further, with increasing prospects of federal-level legalization of cannabis in the United States, there is the possibility of a big market opening up. Cronos (CRON) is one of the interesting plays in the cannabis industry. Its stock has largely been sideways year-to-date. (See Cronos stock charts on TipRanks) However, there continues to be positive business developments, and a rally seems likely. I am bullish on Cronos, considering industry tailwinds, and company-specific growth catalysts.
https://www.tipranks.com/news/article/cronos-stock-primed-for-rally-after-consolidation?utm_source=advfn.com&utm_medium=referral
Cronos (NASDAQ:CRON)
Historical Stock Chart
From Sep 2021 to Oct 2021 Click Here for more Cronos Charts.
Cronos (NASDAQ:CRON)
Historical Stock Chart
From Oct 2020 to Oct 2021 Click Here for more Cronos Charts.