EMMBF - Weekly Cannabis Report: Arb Trade Hiku Cronos Namaste
Welcome to our Weekly Cannabis Report, a reliable source for cannabis investors to receive the latest developments and analysis.
Weekly Summary
This past week saw the cannabis sector continue its recovery. The widely-tracked Horizons Marijuana ETF (HMMJ) rose 4.4% during the week and has recovered more than 20% since early April. Overall, the cannabis sector has been buoyed by several merger announcements including the $3.2 billion takeover of Medreleaf (MEDFF) by Aurora (OTCQX:ACBFF).
Investors are betting that more M&A is coming in a sector that is anticipated to see consolidation play out over the next