A weak start
On Monday, March 4, most cannabis stocks began trading in negative territory, which extended through the first half of the day. The Horizons Marijuana Life Sciences ETF (HMMJ) declined about 1.2% as of 11:35 AM ET while the ETFMG Alternative Harvest ETF (MJ) was down about 1.5%.
Cronos Group (CRON) saw one of the biggest losses among cannabis peers, declining nearly 4.3% through the first half of the day while Aurora Cannabis (ACB) followed with a 2.3% decline. Early this morning, Cronos Group announced that it exited its position in Whistler Medical Marijuana Corporation, which was absorbed by Aurora Cannabis.
Some US cannabis-related stocks were also trading in the negative. Innovative Industrial Properties (IIPR) was down 2% and KushCo Holdings (KSHB) declined about 2%. Check out Analysts’ Ratings for KSHB, IIPR, and Green Thumb Industries.