The cannabis sector is largely mixed today. Whereas Canopy Growth (WEED), CannTrust, Aphria, and a few others have fallen, some stocks have risen.
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During today’s first half, Innovative Industrial Properties (IIPR) rose ~4%. Unlike other cannabis players that cultivate and harvest cannabis, IIPR is primarily a cannabis REIT. Acreage Holdings (ACRGF) has also risen today, by ~1.9%. However, the stock has been on a downward trajectory as the market gauges the possibility of Canopy Growth’s acquisition succeeding.
Aurora Cannabis (ACB) had gained ~1.2%. Analysts are optimistic toward Aurora, recommending “buy” following the company’s earnings release. To learn more, read Aurora Cannabis: Analysts’ Ratings and Target Price. HEXO (HEXO) continued to attract bulls with a gain of ~0.51% as of noon. The ETFMG Alternative Harvest ETF (MJ) had risen by 0.9%.