Several notable companies are experiencing significant premarket movements, including Bed, Bath & Beyond, Nio, and the Honest Company.

Check out the companies making headlines before the bell:

Shares of marijuana producers are experiencing a premarket rally, fueled by a report that the House will vote on legalizing cannabis at the federal level next week. (TLRY) surged 14.1%, (ACB) jumped 10.2%, (SNDL) soared 12%, and (CGC) rallied 9.6%.

According to sources, Bed Bath & Beyond is near to finalizing a deal with investor Ryan Cohen, which would result in the appointment of three new directors to the company's board. Cohen's RC Ventures owns a 9.8% stake in Bed Bath & Beyond. The stock price increased by 1.4% during premarket trading.

Nio's shares dropped 3.6% in premarket trading after the company reported higher-than-expected quarterly sales but lower-than-anticipated deliveries.

The Honest Company reported a larger-than-anticipated quarterly loss due to a decline in sales of masks and sanitizing products. Additionally, the company issued weaker-than-expected guidance for the current quarter. As a result, shares fell 19.5% in the premarket.

After receiving conditional approval from Canadian regulators, Shaw's broadcasting services were acquired by Canadian telecom giant RCI for $16 billion, resulting in a 2% increase in Shaw's shares in premarket trading.

The volatility of U.S-listed China stocks persists due to concerns about stricter regulation by Chinese authorities and the possibility of U.S. delistings. BABA, JD, PDD, and DIDI all experienced significant losses in premarket action, with BABA losing 3.4%, JD losing 4.2%, PDD sliding 6%, and DIDI falling 7.1%.

Teva's stock was upgraded to "outperform" by Bernstein, citing an improved balance sheet, new product launches, and the potential of settling opioid litigation. As a result, Teva's stock price increased by 4.2% in the premarket.

At Wells Fargo Securities, the technology infrastructure company was downgraded from "overweight" to "equal weight." The firm stated that a buyout of Switch is possible, but the price would likely be no more than $32 to $34 per share. On Thursday, Switch closed at $30.24 and dropped 2.2% in premarket trading.

Fortinet's shares dropped 2.1% in the premarket following Bank of America Securities' downgrade from "buy" to "neutral," citing that strong results are already reflected in the stock's price.