Canopy Growth Held Its Gains on March 20 amid Sector Decline


Mar. 20 2019, Updated 1:54 p.m. ET

The gainers

Not all cannabis sector (MJ) stocks suffered losses on March 20. Canopy Growth (WEED) (CGC) was trading in the green. Its stock rose nearly 2.3% after the company announced early this morning that it made a processing and extraction agreement with HollyWeed North Cannabis. The stock, however, was trading much higher in the early morning but retracted as the day progressed. Read Canopy Growth Rises on News of Extraction Agreement.

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Other cannabis stocks that were also in the green include OrganiGram (OGRMF), which was up nearly 0.86%, followed by KushCo Holdings (KSHB), which gained about 0.36%. Tilray (TLRY) was also trading in the positive territory with its stock gaining about 0.5% in the first half of the day. Cronos Group (CRON) was flat in the first half of the day.

Next week, Cronos Group and CannTrust are expected to report their earnings. To learn about analysts’ estimates, read What to Expect from CannTrust’s Q4 Earnings and What to Expect from Cronos Group’s Q4 Earnings.


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