Cannabis sector rising
The total cannabis sector was up in the first half of May 24. Aphria (APHA) led the package with an increase of 8% after Jefferies started covering the shares with "buy" rating and price targets of 15 Canadian dollars.
The industry benchmark index, Horizon's Marijuana Life Sciences ETF (HMMJ), increased by 0.81%, while ETFMG Alternative Harvest ETF (MJ) was up nearly 1.2% from noon. Let's look at the movements of other cannabis sectors so far today.
CRON, HEXO and IIPR gains
Cronos Group (CRON) was also increasing in the first half of the day with a gain at ~ 2% from around noon. HEXO (HEXO) was not far away with an increase of 1.8% from the same time. Earlier today, we reported the latest changes in HEXO's price targets along with the valuations. Read HEXO's Target Price Get an upgrade in May for more info.
Innovative Industrial Properties (IIPR) was also in green in the first half with an increase of 1.2%, followed by Green Thumb Industries (GTBIF), which was up nearly 1% at noon. KushCo Holdings (KSHB) and OrganiGram (OGI) received 1.9% and 4.9%, respectively, in the first half. Aurora Cannabis (ACB) gained almost 0.63%.
Tilray (TLRY), on the other hand, was 1.4%, and Slang Worldwide was down to nearly 7.7% from 11.00. 12:00.