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CWBHF - Weekly Cannabis Report: Pot Stocks Are Cratering
Charlottes Web Holdings Inc
Welcome to our Weekly Cannabis Report, a reliable source for investors to receive the latest developments and analysis in the cannabis sector.
Trading Summary
Cannabis stocks are heading towards correction territory after weak performances across the board last week. The Horizons Marijuana Life Sciences Index ETF (OTC:HMLSF) slumped 6.8% and the ETFMG Alternative Harvest ETF (MJ) dropped 7.4%. U.S.-focused Horizons U.S. Marijuana Index ETF extended its abysmal performance with another 7.5% drop.
(Source: Bloomberg)
Canadian Large-Cap: The largest cannabis companies cratered last week with Tilray (TLRY) again leading the