After rising nearly 13% yesterday, Aphria (APHA) rose another 8% at around 11:40 AM EST to 12.4 Canadian dollars. The stock gained after Green Growth Brands indicated that it was open to changing its offer on Aphria yesterday. Read Why Aphria Rose 13% on January 31 for more information.
Cronos Group (CRON) was another leading stock in the sector today. The stock was up nearly 8.3% to $21.3 around noon on February 1. The stock gained after Altiria reported its earnings yesterday. Altria acquired a 45% stake in Cronos Group last year. Read It’s Official: Altria Acquires a Stake in Cronos Group and One Chart That Shows What Makes Cannabis Attractive to Altria for more information.
Aurora Cannabis (ACB) was next with its stock trading nearly 4.5% higher, followed by Canopy Growth (CGC)(WEED), which had risen 2% around noon today. Tilray (TLRY) was up by about 1.4% and HEXO (HEXO) was up 1%.
While these stocks were gaining, there were some losers too. SLANG Worldwide was down about 5.2% on its third trading day. The Horizons Marijuana Life Sciences ETF (HMMJ) was up around 2.4% around noon.