ACB - Weekly Cannabis Report: The Demise Of Canadian Small-Caps
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 continued to decline last week. Horizons Marijuana Life Sciences Index ETF (HMLSF) fell 2.6%, ETFMG Alternative Harvest ETF (MJ) lost 3.1%, and Horizons U.S. Marijuana Index ETF dropped 0.6%.
(Source: Bloomberg)
Canadian Large- and Mid-Cap: Canadian large-caps declined across the board reflecting the current downturn. Tilray (TLRY) dropped 9% after acquiring a Canadian cannabis retail chain for C$110 million.
Canadian Small-Cap: WeedMD