Cannabis sector gains
The cannabis sector is trending positively as the week draws to a close, with sector ETFs inching higher. The Horizons Marijuana Life Sciences ETF (HMMJ) had gained ~0.76% as of 11:45 AM Eastern Time today, while the ETFMG Alternative Harvest ETF (MJ) had gained ~0.63%.
Among the top gainers as of 11:45 AM were CannTrust (CTST), Aurora Cannabis (ACB), KushCo Holdings (KSHB), and Innovative Industrial Properties (IIPR), which had risen ~6.3%, ~3.9%, ~2.4%, and ~1.3%, respectively. The cannabis sector is seeing more US support with Beto O’Rourke’s inclusion of marijuana legalization in his campaign agenda.
HEXO (HEXO), which reported a loss despite stellar sales growth in the second quarter, had risen 0.86% as of 11:45 AM. Cronos Group (CRON) and OrganiGram (OGRMF) had risen 0.54% and 0.15%, respectively.
Not all cannabis stocks have gained today. As of 11:45 AM, Green Thumb Industries (GTBIF), Aphria (APHA), and Canopy Growth (WEED) had fallen ~0.91%, ~0.5%, and ~0.5%, respectively.