Tapestry stock finished the month of May higher only two times in the last 10 years
U.S.-listed shares of Cronos Group, Tilray Brands and Canopy Growth rose between 10.9% to 52%. ETF AdvisorShares Pure US Cannabis soared 21%. Canada-listed Green Thumb Industries and Trulieve Cannabis were up 25% and 31% respectively.
Investors are hoping that a strong backlog and a renewed commitment to its high-margin business will improve its long-term prospects.