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The surge in stock price reflects positive investor sentiment tied to regulatory optimism, similar to past rallies driven by regulatory changes in 2018 when cannabis was legalized in Canada, leading to significant stock price increases for many cannabis stocks, including OGI.
What happened, with direct paths to the underlying reporting
OGI shares surged 15.09% following Trump's pro-cannabis social media post. Potential regulatory changes may favor OGI's diverse cannabis brands. OGI expanded e-commerce to 25 U.S. states, increasing market access.
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