Cannabis sector last week
Most cannabis stocks fared well in the first week of 2019. Most of them rose between closing on December 28 and closing on January 4. The Horizons Marijuana Life Sciences ETF (HMMJ) gained nearly 5.1%, and the Emerging Marijuana Growers Index ETF (HMJR) was up nearly 7.6% over the same period.
Overall, most of the cannabis stocks ended in the positive territory, as we see in the above chart. The biggest weekly gainer last week was Organigram (OGRMF), which was up nearly 23.7%. HEXO (HEXO) also gained a lot of ground last week with a 20.5% weekly gain. Supreme Cannabis (SPRWF) was next with a weekly gain of about 19.9%, followed by Emerald Health (EMHTF), which gained about 19.6% over the same weekly period.
While these stocks were in the green last week, Cronos Group (CRON) wasn’t far behind with a weekly gain of almost 13.1%. Ending in a single-digit gain, CannTrust (CNTTF) was nearly 4.1% higher followed by Canopy Growth (WEED), which was up by about 3.1% last week.
In contrast to these stocks, Tilray (TLRY) emerged as the biggest loser among the players in the above chart with a weekly loss of 6.9%, followed by Aphria (APHA), which lost 5.3%, and Aurora Cannabis (ACB), which ended lower by 1.4% over the same period.
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