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ACB, APHA, HEXO, and CGC: Positive Start This Week


Mar. 11 2019, Published 12:06 p.m. ET

Positive start

Overall, the cannabis sector was off to a positive start on March 11. The Horizons Marijuana Life Sciences (HMMJ) rose nearly 1.3% as of 11:33 AM EST. The ETFMG Alternative Harvest ETF (MJ) rose nearly 1% during the same period. In this part, we’ll discuss other gains in the industry.

Among the cannabis stocks that were leading the early morning gains, Green Thumb Industries (GTBIF) rose nearly 5.5%. Aurora Cannabis (ACB) rose ~3.4% during the early morning session. Aurora Cannabis was trending higher after it announced that it started selling cannabis oil to Germany.

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The other stocks that were trending higher included Innovative Industrial Properties (IIPR), which rose nearly 3.5%. KushCo Holdings (KSHB) rose nearly 2.9%. OrganiGram (OGRMF) rose 1.8%, while Aphria (APHA) rose 1.8% as of 11:37 AM EST. Canopy Growth (WEED)(CGC) was at the bottom of the list with a gain of 1.3%.

In contrast to these stocks, there were some stocks in the industry that continued to fall on March 11. Cronos Group (CRON) fell 3.8% in the early morning session, while CannTrust (CTST) fell 1.4%.

Tilray (TLRY) continued to fall on Monday after receiving a bearish rating from Jefferies last week. The stock fell nearly 1.2% early on March 11. To learn more, read Tilray Stock Sinks after Jefferies Gives It ‘Underperform’ Rating.


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