Cannabis stocks gain
Amid the broader-market meltdown fueled by tech stocks, especially Apple, cannabis stocks have held onto their gains on second trading day of the year. The overall cannabis sector Horizons Marijuana Life Sciences ETF (HMMJ) was up nearly 1.3% at 11:50 AM ET.
Aphria (APHA), which is expected to report its earnings next week, gained nearly 1.3% While Cronos Group (CRON) was much higher, up 3.6% around noon.
Other major stocks that were trading in the green include Aurora Cannabis (ACB), which was up 40 basis points, Canopy Growth (WEED)(CGC), which gained about 80 basis points, and Tilray (TLRY), which had a stellar 2018 and was up almost 1.5% around noon.