Tilray Brands, Canopy Growth, Cronos Group And Other Big Gainers From Thursday – Agenus (NASDAQ:AGEN), Avadel Pharmaceuticals (NASDAQ:AVDL)

U.S. stocks closed lower with the Dow Jones dropping more than 300 points on Thursday. Here is the list of some big stocks recording gains in the previous session.

• Tilray Brands, Inc. TLRY gained 30.9% to settle at $3.90. Shares of cannabis companies traded higher after President Biden issued a statement on marijuana reform, which mentioned pardoning ‘all prior federal offenses of simple marijuana possession.’
• Provention Bio, Inc. PRVB surged 25.7% to close at $6.22 after the company announced it has entered into a co-promotion agreement with Sanofi U.S. for the launch of its lead investigational drug candidate teplizumab.
• Richardson Electronics, Ltd. RELL gained 24.6% to close at $19.12 following upbeat Q1 results.
• SNDL Inc. SNDL rose 23.5% to close at $2.79. Shares of cannabis companies traded higher after President Biden issued a statement on marijuana reform, which mentioned pardoning ‘all prior federal offenses of simple marijuana possession.’
• Canopy Growth Corporation CGC jumped 22.2% to close at $3.75. Shares of cannabis companies traded higher after President Biden issued a statement on marijuana reform, which mentioned pardoning ‘all prior federal offenses of simple marijuana possession.’
• Agenus Inc. AGEN climbed 18.1% to close at $2.80.
• Compass, Inc. COMP rose 16.1% to close at $2.96.
• Innovid Corp. CTV gained 15.7% to settle at $2.72.
• PureTech Health plc PRTC gained 14.8% to close at $31.01.
• Golden Sun Education Group Limited GSUN gained 13.6% to close at $26.33.
• Cronos Group Inc. CRON jumped 13.5% to close at $3.36. Shares of cannabis companies traded higher after President Biden issued a statement on marijuana reform, which mentioned pardoning ‘all prior federal offenses of simple marijuana possession.’
• Perion Network Ltd. PERI gained 13% to close at $23.01. Perion issued preliminary Q3 results. The company said it sees Q3 revenue of $158 million.
• Avadel Pharmaceuticals plc AVDL rose 12.7% to close at $6.46.
• Roivant Sciences Ltd. ROIV gained 11.5% to close at $4.53.
• TOP Financial Group Limited TOP rose 10.2% to close at $17.90.
• Berry Corporation BRY gained 9.4% to settle at $9.30.
• Pinterest, Inc. PINS rose 4.9% to close at $25.83. Goldman Sachs upgraded Pinterest from Neutral to Buy and raised the price target from $24 to $31.