In the green
HEXO (HEXO) was gaining in the first half on April 3 along with Tilray (TLRY) and Innovative Industrial Properties (IIPR). HEXO gained about 0.34%, while Tilray was up by 0.6%, and IIPR gained 1.2% as of around 12:10 PM EST.
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In line with sector
This performance was in line with the sector, which was also in the green in the first half of today. The Horizons Marijuana Life Sciences ETF was up by 0.8% around mid-day, and the ETFMG Alternative Harvest ETF (MJ) had gained about 0.16% around the same time.
Aurora Cannabis (ACB) was another big name that was trading lower in the first half of the day. The stock lost about 1.6% around midday after it announced the filing of a preliminary base shelf prospectus with regulators in Canada and the US.
Under this prospectus, the company is looking to raise up to $750 million for expansion, which appears to have made investors wary and led to a selloff. Aurora Cannabis was also trading at a premium valuation as of April 2. Read Aurora Cannabis: Is Its Valuation Attractive?