Investor Alert

June 11, 2019, 2:37 p.m. EDT

Cannabis stocks mostly fall, after 2-day rally

The cannabis sector traded mostly lower Tuesday, with the ETFMG Alternative Harvest ETF (PSE:MJ) down 1.0% as 24 of 38 components traded lower. The Horizons Marijuana Life Sciences Index ETF (TSE:CA:HMMJ) dropped 1.4%, with 43 of 57 components falling. The declines come the ETFMG ETF gained 4.6% and the Horizons ETF advanced 5.5% over the past two sessions, while the S&P 500 (S&P:SPX) tacked on 1.5%. Among some of the more-active pot stocks, Aurora Cannabis Inc. (NYS:ACB) (TSE:CA:ACB) fell 2.6%, Canopy Growth Corp. (NAS:CGC) (TSE:CA:WEED) shed 2.1%, Cronos Group Inc. (NAS:CRON) (TSE:CA:CRON) gave up 2.5%, Tilray Inc. (NAS:TLRY) slumped 5.3% and Canopy Rivers Inc. (OTC:CNPOF) (TSE:CA:RIV) lost 1.4%. The ETFMG ETF has now lost 10.3% over the past three months, while the S&P 500 (S&P:SPX) has gained 3.7%.

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