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Ups and Downs in the Cannabis Space Last Week

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Nov. 20 2020, Updated 12:26 p.m. ET

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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