Major cannabis stocks
For the week ending January 11, most of the major cannabis stocks ended in the positive territory. The Horizons Marijuana Life Sciences ETF (HMMJ) gained nearly 17.5% between the closing on January 4 and the closing on January 11.
Tilray (TLRY) emerged as the biggest gainer last week. Tilray rose nearly 37% after a private equity company stated that it will keep its investments in the company through the second half of 2019. Canopy Growth (WEED) (CGC) rose 36% last week. Canopy Growth got a boost after Constellation Brands provided some visibility on its earnings within the next 18 months. Canopy Growth received coverage initiation from two major investment firms.
Aurora Cannabis (ACB) gained nearly 21% last week, while Cronos Group (CRON) rose 16% between the weeks ending January 4 and January 11. Aphria (APHA), which reported its earnings last week, rose 13.8%. Supreme Cannabis (SPRWF) gained nearly 12.7%, while CannTrust (CNTTF) gained nearly 13.8%. OrganiGram (OGRMF) was also among the top gainers last week with a 10% gain.
Emerald Health (EMHTF) was the only stock in the above chart that ended in the negative territory with a weekly decline of 1.3%.
To learn more about the cannabis sector, read Why Green Growth Stock Rose Yesterday, Jim Cramer Made His Pick in the Cannabis Industry, and Canopy Growth: Notes from Constellation Brands’ Earnings.