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Why Cannabis Stocks Were Broadly Higher Today



Cannabis stocks moving higher

On February 12, most cannabis stocks were in positive territory after investors got a chance to see how the recreational cannabis segment is shaping up in Canada through Aurora Cannabis’s (ACB) earnings. Aurora was trading nearly 2.9% higher around 1:00 PM ET.

Some of the big gainers around the same time included Aphria (APHA), which gained about 7%, followed by CannTrust (CNTTF), which was up nearly 6.6% at 1:00 PM. Cronos Group (CRON) wasn’t far behind with its stock trading almost 3.3% higher, and HEXO Corp. (HEXO) was up nearly 3.7%.

Canopy Growth (WEED) was also trading nearly 2.8% higher during the day. It’s slated to report its earnings on February 14. See What to Expect from Canopy Growth’s Q3 Earnings.

Tilray (TLRY), which is also expected to report its earnings sometime this week, was trading nearly 1.8% higher. The Horizons Marijuana Life Sciences ETF (HMMJ) gained about 0.7%.

To learn how Aurora Cannabis performed in its second quarter, check out Aurora Cannabis: Key Takeaways from Its Q2 Earnings.

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