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Pot stocks fall again as Aurora Cannabis descends on NYSE debut



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

HMMJ, -0.64%

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

MJ, -0.46%

declined 1

.4%, compared to previous losses of as much as 8.9%, but was also heading for a sixth straight loss.

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.

ACB, -3.91%

ACB, -7.44%

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.

TLRY, -2.06%

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.

MMNFF, -2.28%

fell 2.6%.

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

TGODF, -1.90%

fell 1.9% and New Age Beverages Corp. stock

NBEV, + 7.36%

climbed 6.0%. Net Element Inc. stock


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