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Cannabis Stocks: ACB, HEXO, OGRMF, and CGC Are in the Green

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Gainers

Today, Aurora Cannabis (ACB) was leading the gains among cannabis players, rising 3.2% as of 11:45 AM ET. HEXO (HEXO) wasn’t far behind with a gain of nearly 2.6%, followed by OrganiGram (OGRMF), which gained 1.6%. Canopy Growth (CGC)(WEED) was also inching higher with a gain of 0.31% in the first half of the day.

The Horizons Marijuana Life Sciences ETF (HMMJ) was nearly flat around noon, and the ETFMG Alternative Harvest ETF (MJ) was slightly lower, down 0.17%.

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Losses

While there were few gainers in the cannabis sector, most stocks were in negative territory. Leading the pack was KushCo (KSHB), which was down about 2.5%, followed by Green Thumb Industries, which declined 2.5%, and Innovative Industrial Properties (IIPR), which lost 1.9%.

Aphria (APHA) was also trading in the red today with its stock falling 1.9% while Tilray (TLRY) was down 0.8%. Tilray recovered from its pre-market lows after it received a bearish rating from Jefferies. See Tilray Stock Sinks after Jefferies Gives It ‘Underperform’ Rating.

Cronos Group (CRON) was another major cannabis stock trading in the red—with a decline of 1.2%. Earlier today, we published an update on Cronos Group analysts’ ratings and price target change in March. Check out Analysts’ Ratings Change for APHA, ACB, and CRON in March.

CannTrust (CTST) was also in the negative with a loss of about 1.4% during the first half of the day.

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