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ACB, APHA, CTST, and HEXO Fall on March 20

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Dec. 4 2020, Updated 10:52 a.m. ET

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.

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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.

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