Ups and Downs in the Cannabis Space Last Week



Cannabis space

The cannabis space was mostly positive last week. The Horizons Marijuana Life Sciences ETF (HMMJ) and the ETFMG Alternate Harvest ETF (MJ) gained 5.2% and 4.2%, respectively, while the new AdvisorShares Pure Cannabis ETF (YOLO) rose just 2.7%. The sector was in the red in the week prior, with HMMJ and MJ falling 3.0% and 3.4%, respectively.

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Ups and downs

Last week, Emerald Health Therapeutics (EMH), GW Pharmaceuticals (GWPH), The Green Organic Dutchman (TGOD), and Supreme Cannabis (FIRE) rose 5.4%, 7.4%, 8.2%, and 4.6% respectively, while PharmaCielo (PCLO), INSYS Therapeutics (INSY), Cara Therapeutics (CARA), and Arena Pharmaceuticals (ARNA) closed with gains of 3.5%, 3.6%, 6.7%, and 6.4%, respectively.

Meanwhile, Greenlane Holdings (GNLN) was quite volatile and fell by 14.5%. The stock, which was just listed this month, rose ~25% after its listing. Aleafia Health (ALEF), Village Farms International (VFF), and Charlotte’s Web Holdings (CWBHF) closed with losses of 10.1%, 2.9%, and 6.6% last week.


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