The stocks of many companies in the cannabis sector jumped Thursday thanks to a deal announced this morning. One popular name, Sundial Growers(NASDAQ:SNDL), rose 8.4% on the day. 

Even after a retrenchment from February highs, shares in Sundial Growers are up almost 200% year to date. Today's news has investors hoping there's more to come. 

The big news today was that tobacco giant British American Tobacco (BAT) (NYSE:BIT) is making an investment in Canadian pot grower Organigram Holdings(NASDAQ:OGI). BAT will take a 19.9% stake in Organigram for an investment equivalent to about $175 million.

Sundial Growers is a popular pot stock with investors. Over the last six months, average daily trading volume on the stock has rocketed more than 3,000%. And the share price hasn't been that far behind, rising 366%.

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