The Marijuana shares took another wide blow on Tuesday, but a bounce of its worst levels was not enough to stop the sector from suffering a sixth straight loss.
Horizons Marijuana Life Sciences Forex Trading
fell as much as 11% intraday before mating loss, one day after it suffered from its largest single decline. A six-piece losing knit would be the longest since seven days stretching ending June 9, 2017.
ETF, down 1.6% in afternoon trading with 34 of 48 components lost the ground, has now lost 23.5% during its current lost knit, the worst six day stretch since it fell 25.7% during the six days ending February 7th.
ETFMG Alternative Harvest ETF
Cannabis investors have made a face when marijuana became fully legal for adults in Canada on October 17th. In the two months that led to legalization, Horizon's ETF had 47%.
Do not Miss : Cannabis is now legal in Canada, but pot companies expect a rocky start.
Also read : Opinion: The real reason why marijuana shares fall from a rock – and what to do now.
Among the more active stocks, Aurora Cannabis Inc.
made its debut on the New York Stock Exchange, moved from OTC Markets. The reception was not too festive, but when the stock fell 7.9%. The trading volume was heavy at 30.4 million shares, enough to make it the seventh most active stock on NYSE.
See also : Marijuana shares to look at: Aurora Cannabis investments can be more valuable than the pot.
Other locations, shares in Tilray Inc.
case 3.2%, Canopy Growth Corp.
CGC, + 0.38%
slipped 0.9%, Cronos Group Inc.
CRON, + 2.11%
reversed previous losses to trade 1.7%, Hexo Corp.
HYYDF, + 3.60%
HEXO, + 3.61%
gained 3.6%, Aleafia Health Inc.
ALEAF, + 5.76%
increased 4.9%, Aphria Inc.
APHQF, + 5.18%
APH, + 4.88%
4.8% GW Pharmaceuticals PLC
GWPH, + 1.29%
edged 1.3% and MedMen Enterprises Inc.
Check out : MarketWatch's comprehensive coverage of the cannabis sector, including profiles of a number of key actors, in one place.
India Globalization Capital Inc.'s stock
IGC, + 14.87%
had dropped as much as 19% intraday before hoping to collect 14% in afternoon trading but still lost 42% in the last six sessions. Read more about the red flags for IGC investors.
Green Organic Dutchman Holdings Ltd.'s share
fell 1.9% and New Age Beverages Corp. stock
NBEV, + 7.36%
climbed 6.0%. Net Element Inc. stock