MEDIF - Weekly Cannabis Report: Canada's Horrifically Bad Earnings
Welcome to our Weekly Cannabis Report, a reliable source for investors to receive the latest developments and analysis in the cannabis sector.
Trading Summary
Canadian cannabis stocks got obliterated last week after a string of horrific earnings results. The U.S. sector proved resilient with pockets of strong performance. The Horizons Marijuana Life Sciences Index ETF (HMLSF) plunged 17.1%, the ETFMG Alternative Harvest ETF (MJ) dropped 14.5%, while the Horizons U.S. Marijuana Index ETF only fell 1.6%.
(Source: Bloomberg)
Canada: The Canadian cannabis sector was destroyed last week after companies reported disappointing