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 its hard landing. The Horizons Marijuana Life Sciences Index ETF (HMLSF) dropped 6.9%, the ETFMG Alternative Harvest ETF (MJ) lost 5.6%, and the Horizons U.S. Marijuana Index ETF dropped 5.3%.
(Source: Bloomberg)
Canadian Large- and Mid-Cap: Canopy (CGC) and Tilray (TLRY) continued to decline after reporting disappointing earnings the prior week. Aphria (APHA) gained 6% without major news.