Welcome to our Weekly Cannabis Report, a reliable source for investors to receive the latest developments and analysis in the cannabis sector.
Cannabis stocks fluctuated last week to close an uneventful month of April. Horizons Marijuana Life Sciences Index ETF (OTC:HMLSF) dropped 1.2% and ETFMG Alternative Harvest ETF (MJ) dropped 2.5%. Meanwhile, U.S.-focused Horizons U.S. marijuana index ETF gained 0.3% last week.
Canadian Large-Cap: Canopy (CGC) dropped 2% after announcing its NY hemp industrial park location and a deal to acquire German cannabinoid-based research company C3 for C$343 million. Tilray (TLRY) and Cronos (CRON) resumed their slides after previous periods of rapid share price gains. Aurora Cannabis (ACB) lost 3% without major news.
Canadian Mid-Cap: Aphria (APHA) drop 8% after its Chairman said the firm has no immediate plans for U.S. expansion. HEXO (HEXO) dropped 1% along