Cannabis sector in red
The overall cannabis sector turned red in the first half of March 20. The Horizons Marijuana Life Sciences ETF (HMMJ) had fallen by about 1.2% as of noon on March 20, while the ETFMG Alternative Harvest ETF (MJ) had declined by nearly 0.8%. Let’s look at some of the biggest losers and gainers of the day.
These stocks fell
As of noon, Aurora Cannabis (ACB) was the worst performer with its stock trading lower by nearly 3.7%, followed by Innovative Industrial Properties (IIPR), which declined by about 3.2%. Aphria (APHA) was also trading lower by about 3.3%, while CannTrust (CTST) declined by 2.5% in the first half on March 20.
HEXO (HEXO) was also trading lower by 2.8%. Green Thumb Industries (GTBIF) declined by nearly 1.5% around noon, and Slang Worldwide (SLNG) was not far behind with its stock down about 1.45% in the first half of the day.
The overall cannabis sector was in negative territory as investors took a step back on March 20. However, some stocks did gain, which we’ll discuss next.