Checking In on Cannabis Stocks: TLRY, ACB, CGC, and More
In the first half of January 14, Tilray (TLRY) was up 6.8% as of noon. The stock continued its upward momentum after it received a boost last week.
Jan. 14 2019, Published 1:23 p.m. ET
The movers
In the first half of January 14, Tilray (TLRY) was up 6.8% as of noon. The stock continued its upward momentum after it received a boost last week from comments by one of its largest holders. See Is Tilray Back in Action for Day Traders?
Aphria (APHA), which reported its earnings last week, was trading slightly higher—by 40 basis points—around noon. See Aphria Sells Cannabis Cheaper than StatsCan’s Reported Averages.
Aurora Cannabis (ACB) gained nearly 2.5% after it reported that it will acquire Whistler Medical Marijuana Corp. The Horizons Marijuana Life Sciences ETF (HMMJ) gained 83 basis points around noon on January 14.
Stocks that were trading in the red include HEXO (HEXO), which traded 1.6% lower, and Canopy Growth (WEED)(CGC), which was 1.1% lower.