Marijuana shares bounce back from long losing streaks; Aurora Cannabis stocks invent first US listed profits
Shares of cannabis companies were largely higher in Thursday, and the sector was on track to get a long tapestry, with Aurora Cannabis Inc.'s investors finally able to celebrate the US US listing.
Horizons Marijuana Life Sciences exchange -traded fund
HMMJ, + 5.52%
increased by 5.5% in the afternoon trade, with 40 out of 48 components that were given basis. It put the ETF on track for its first win in eight sessions, and the prospect ended with a skid tied to the longest loss since its launch in April 201[ads1]7. ETF threw 28% over the tape string.
ETFMG Alternative Harvest ETF
MJ, + 5.00%
hiked higher by 4.7%, with 31 out of 37 components contributing to wins and also on track to get a seven-day tapestrip.
Share of the most active member of either ETF, Aurora Cannabis Inc.
ACB, + 4.03%
called 1.9% as they headed for their first gains since the change in the listing to NYSE from OTC Markets could not inspire investors. The stock had dropped 31% during the previous four sessions.
Earlier Wednesday, the company said it was approved to make its first shipment of medical cannabis to Poland.
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Among other active shares, Canopy Growth Corp.
CGC, + 7.81%
managed 6.7%, Cronos Group Inc.
CRON, + 10.22%
ran 9.8%, 22nd Century Group Inc.
XXII, -3.91%
fell 3.5% and Tilray Inc.
TLRY, + 0.47%
relieved past losses to achieve 1.9%.
Elsewhere, shares in Green Organic Dutchman Holdings Ltd.
TGODF, + 8.41%
dissolved 6.7%, Supreme Cannabis Co. Inc.
SPRWF, + 5.13%
rose 6.8%, Aprhria Inc.
APHQF, + 12.46%
shot 8.7% and India Globalization Capital Inc.'s stock
IGC, + 1.15%
jumped 1.5%.
Both Horizons ETF and ETFMG ETF have increased 22% over the last three months, while the S & P 500 Index
SPX, + 2.33%
has gone 5%.
Shares moved from weed news
Shares of Integrated Cannabis Co. Inc.
