NACNF - Weekly Cannabis Report: Aphria Short Altria Buys 45% Of Cronos
Welcome to our Weekly Cannabis Report, a reliable source for investors to receive the latest developments and analysis in the cannabis sector.
Trading Summary
The cannabis sector continued to drop last week. The Horizons Marijuana Life Sciences Index ETF (OTC:HMLSF) declined 4.0% while the U.S.-listed ETFMG Alternative Harvest ETF (MJ) also declined 1.5%.
Canadian Large-Cap: Canadian cannabis stocks were roiled last week by the short report targeting Aphria (APHA) which drove the stock down 33.8%. On the other hand, Altria's (MO) $1.8 billion investment sent Cronos (