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Cannabis shares coincide with market decline before large earnings reports



The Cannabis shares were mostly lower on Monday, among a huge market tumult associated with a trade dispute between the United States and China.

The Marijuana sector in both Canada and the US was a sea of ​​red ink, with ETFMG Alternative Harvest ETF

MJ, -5.22%

down 5.5% on Monday afternoon trading. Horizons Marijuana Life Sciences Index ETF

HMMJ, -4.23%

was 4.4% and the sister fund, US Marijuana Index ETF, fell 2.8%. Since the beginning of May, all major cannabis listed funds are down more than 7%.

World's second largest cannabis company by market value, Aurora Cannabis Inc.

ACB, -4.03%

ACB, -4.35%

said Monday at Radient Technologies Inc.

RDDTF, + 2.92%

delivered its first group of cannabis derivatives. According to Aurora, Radient's technology is expected to treat 300,000 kilograms of cannabis biomass in one place. The Aurora share fell 4.5% on Monday trading.

Elsewhere in Canada, CannTrust Holdings Inc.


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