Marijuana stocks have cost traders betting against them nearly $200 million in February (CGC, ACB, CRON, TLRY)


Short sellers betting against weed stocks have lost nearly $200 million in February, according to data from S3 Partners , a financial-analytics firm. On Tuesday, several major marijuana producers including Cronos Group , Aphria , Aurora Cannabis gained more than 6% — one day Jefferies initiated coverage of stocks in the space. That rally pummeled marijuana short-sellers with $213 million of mark-to-market losses in a single day, which more than offset their month’s gain of $21 million.

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