Cannabis ETF

This was an eventful week for the cannabis industry. On Monday, Tilray, Inc. (NASDAQ: TLRY) and Aphria, Inc. (NASDAQ: APHA) closed their merger after months of negotiations, creating a company with a combined market cap of $3.3 billion. Benzinga spoke with Irwin Simon, CEO of the new combined...

Cannabis stocks traded mostly in the green this week, as we got into earnings season. “While there were a lot of companies reporting earnings, like Turning Point Brands who gave guidance of $422 million for 2021, I thought the biggest piece of data came from Pennsylvania,” Debra...

In the week of 4/20, the unofficial day of cannabis and top sales day for the industry, major stocks posted mixed performances. Retailer Planet 13 Holdings Inc. (CSE: PLTH) (OTCQB: PLNHF) reported single-day record sales of $543,000 on April 20. Meanwhile, Eaze, California's largest marketplace...

In spite of some good news on the legalization front, cannabis stocks traded down this week, largely driven by lackluster earnings reports out of big Canadian companies. On Monday, New Mexico became the latest state to legalize adult-use cannabis, after Gov. Michelle Lujan Grisham signed the...

In a week where overall markets traded up, cannabis stocks were in the red, despite a series of big news, M&A and financing announcements. Special purpose acquisition company Mercer Park Brand Acquisition Corp. (NEO:BRND.A.U) (OTCQX: MRCQF) will acquire vertically integrated California cannabis...

A shortened week came with no shortage of news. In New York, Gov. Andrew Cuomo signed recreational marijuana into law on Wednesday, making the Empire State the 15th in the U.S. to legalize cannabis. The legislation allows adults 21 and older to possess up to 3 ounces of cannabis or 24 grams of...

Cannabis stocks traded down this week despite a series of good news. Over the last five trading days of this week: The ETFMG Alternative Harvest ETF (NYSE: MJ): lost 5.7%. The AdvisorShares Pure Cannabis ETF (NYSE: YOLO): tumbled 8.15%. The AdvisorShares Pure US Cannabis ETF (NYSE: MSOS): dropped...

Major earnings reports, financings, M&A announcements and policy moves flooded the cannabis industry this week.  A bipartisan marijuana insurance bill — The Clarifying Law Around Insurance of Marijuana (CLAIM) Act of 2021 — was introduced in Congress by New Jersey Senator...

This was a week of big news for the cannabis industry. Curaleaf Holdings Inc. (OTCQX: CURLF) agreed to acquire one of Europe’s largest cannabis companies, EMMAC Life Sciences, for approximately $286 million in cash and stock. The transaction, which is expected to close during the second...

In a week where most stocks took a beating, cannabis equities were no exception. All major ETFs posted considerable losses. Over the last five trading days: The ETFMG Alternative Harvest ETF (NYSE: MJ): lost 6%. The AdvisorShares Pure Cannabis ETF (NYSE: YOLO): tumbled 8.3%. AdvisorShares...

This week, cannabis stocks experienced quite a bit of volatility amid a slew of big news items. On Monday, New Jersey Gov. Phil Murphy signed a trio of adult-use cannabis reform bills, making recreational marijuana legal and regulated for adults 21 years and older, while also decriminalizing...

Despite several big news items out of the industry this week, cannabis stocks posted mixed performances. Over the last five trading days — including last Friday, since markets were closed on Monday: The ETFMG Alternative Harvest ETF (NYSE: MJ): gained 1.5%. The AdvisorShares Pure...

Cannabis stocks had one of their strongest weeks in history. Jazz Pharmaceuticals PLC (NASDAQ: JAZZ) acquired GW Pharmaceuticals PLC- ADR (NASDAQ: GWPH) for $7.2 billion, or $6.7 billion excluding GW Pharma's cash. The price of $220 per ADS in cash and stock, with $200 in cash...

In one of the craziest weeks in the history of public markets, cannabis stocks and ETFs delivered mixed performances. Over the last five trading days: The ETFMG Alternative Harvest ETF (NYSE: MJ): was down -2.66% The AdvisorShares Pure Cannabis ETF (NYSE: YOLO): was down -1.87% The Cannabis ETF (...

It was a relatively slow week for the cannabis industry. While broader markets surged on the transition of power in the U.S., cannabis stocks were slightly down. ETFs were mostly in the red. Over the last five trading days: The ETFMG Alternative Harvest ETF (NYSE: MJ): lost 2.1% The AdvisorShares...