SNDL Inc. (SNDL) surged 5.35% during intraday trading on Wednesday, outperforming broader market trends. The rally aligns with a sector-wide uptick in cannabis stocks.
The surge follows reports that former President Donald Trump is expected to sign an executive order to fast-track the reclassification of cannabis, a move that could significantly benefit companies like SNDL. This regulatory optimism has driven investor interest in cannabis-related equities, with peers such as Canopy Growth and Tilray Brands also posting gains.
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