So far on February 13, most cannabis stocks have held their gains. Aurora Cannabis (ACB) is in the green with a 1.6% rise as of 12:00 PM EST today, the second day after it reported its earnings results. The Horizons Marijuana Life Sciences ETF (HMMJ) is up nearly 6.6% as of around noon.
Other major stocks that are in positive territory today include Canopy Growth (WEED), which is up ~4.9%, Aphria (APHA), which is up nearly 1.9%, and Cronos Group (CRON), which is up 1.4% as of noon.
Ahead of Canopy Growth’s earnings release tomorrow, read analysts’ ratings and price targets for the company in Analysts’ Ratings for WEED, TLRY, and APHA in February.
OrganiGram (OGRMF) is up nearly 2% today, while CannTrust (CNTTF) is up ~0.89% as of noon.
The overall cannabis sector has remained in positive territory in February in an extension of its gains from last month. Aurora Cannabis’s earnings results have validated the market’s expectations for the recreational cannabis sector.
Validation of recreational cannabis demand is one of the top ten things we’re watching for in the sector in 2019. Read about the other nine developments we’re watching for in Top Ten Developments to Watch in the Cannabis Sector in 2019.