Aphria (APHA) is gaining significantly once again with the stock up nearly 10% today. This performance comes despite the fact that Citron Research tweeted last week that it exited its position after the stock was nearly 60% higher over the last month. Cronos Group (CRON) was also trading nearly 9.3% higher in the morning.
The overall sentiment in the cannabis sector appeared to be optimistic. The Horizons Marijuana Life Sciences ETF (HMMJ) was up nearly 4.7%. Tilray (TLRY) was up nearly 7.6% while Aurora Cannabis (ACB) was trading nearly 7.9% higher in the early morning trading session.
The cannabis sector remains attractive to investors with a lot of promise for 2019. This is just the tip of the iceberg with only one market—Canada—open to the industry’s recreational segment. Recently, we saw how the United States was also warming up to federal cannabis legalization. Some of the 2020 presidential candidates have already shown an inclination toward legalization. See Marijuana Support: Senator Cory Booker Announces Presidential Bid.
Other cannabis stocks that were higher this morning include HEXO (HEXO), which was up nearly 3.6%, CannTrust (CNTTF), which was up about 5.5%, and SLANG Worldwide, which gained about 3.7%. Canopy Growth (WEED)(CGC) was at the bottom but still in the green with a gain of 2%.