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The Week In Cannabis: ETFs Are Down, Virginia Legalizes, Houseplant Hits The US, Big Retail Makes Moves
Friday, March 5, 2021 - 4:33pm | 2761Read More...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...
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The Week In Cannabis: Stock Volatility, NJ, $1.9B IPO, Policy Moves, Financings, And More
Friday, February 26, 2021 - 4:40pm | 2857Read More...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...
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The Week In Cannabis: Verano, Tilray, Sundial, Chris Webber, And More
Friday, February 19, 2021 - 4:43pm | 2671Read More...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...
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The Week In Cannabis: Stocks Up By Double-Digits On Jazz Pharma's GWPH Acquisition, Potential Federal Moves
Friday, February 5, 2021 - 4:21pm | 3204Read More...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...
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The Week In Cannabis: Arizona Adult-Use Sales, Big Financings, M&A, And A Nasdaq Debut
Friday, January 29, 2021 - 5:09pm | 2506Read More...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 (...
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The Week In Cannabis: Union-Covered Cannabis, Small Financings, Moves In Multiple US States
Friday, January 22, 2021 - 4:46pm | 1993Read More...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...
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The Week In Cannabis: Stocks Spike By Double Digits On Earnings, Strong Sales, Financings
Saturday, January 16, 2021 - 9:25am | 2810Read More...Cannabis stocks widely outperformed the markets after a slew of financing deals and strong earnings reports. “The cannabis industry is off to a great start this year with New York state pushing hard for legalization," Green Market Report editor-in-chief Debra Borchardt said. "...
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The Week In Cannabis: Stocks Surge On Heels Of Georgia Runoff; NY Legalization; M&A And Financings Spike
Saturday, January 9, 2021 - 9:44am | 2190Read More...Cannabis stocks skyrocketed this week, aided by the Democratic victory in the Georgia runoff election. There was also Gov. Andrew Cuomo's proposal for a legal cannabis program across New York State. It would allow adults over the age of 21 to buy marijuana at state-approved...
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The Week In Cannabis: DEA Research Licenses, Wisconsin, An Israeli Index, M&A, And More
Sunday, January 3, 2021 - 9:32am | 2035Read More...In the last week of 2020 — a year that saw the cannabis movement score major victories on national and international levels — marijuana stocks underperformed the wider market. Over the last five trading days, including Dec. 24: The ETFMG Alternative Harvest ETF (NYSE: MJ): lost 4....
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The Week In Cannabis: Epidiolex, Casa Verde, FDA, Michigan, Colombia, And More
Thursday, December 24, 2020 - 2:05pm | 2509Read More...After a weak start to a shortened week, cannabis stocks rebounded on Wednesday afternoon, advancing on high volume, with some giving up the gains on Thursday morning. Over the 3 1/2 trading days of the week: The ETFMG Alternative Harvest ETF (NYSE: MJ): gained 1% The AdvisorShares Pure Cannabis...
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The Week In Cannabis: Tilray-Aphria Merge, Aurora Continues Layoffs, Financings, Earnings, M&A
Friday, December 18, 2020 - 4:43pm | 3801Read More...Cannabis stocks traded up this week, following news of the merger between Aphria (NASDAQ: APHA) and Tilray (NASDAQ: TLRY). Benzinga spoke with Aphria CEO and chairman Irwin D. Simon, who will maintain those two positions in the new company, and Tilray CEO Brendan Kennedy, who will serve in the...
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The Week In Cannabis: Big Money, Mexico, South Carolina, Jay-Z, Martha Stewart, Nicole Kidman And More
Saturday, December 12, 2020 - 2:14pm | 2272Read More...Cannabis stocks traded down this week, despite a series of financing announcements and other good news, including a new bill from Congress. GrowGeneration Corp. (NASDAQ: GRWG) wants to raise $125 million via a public offering. The offering was then upsized to $150 million on Wednesday,...
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The Week In Cannabis: MORE Act Passes, UN Vote, Joe Rogan, Will.i.am, Aphria, Canopy And Earnings
Saturday, December 5, 2020 - 4:52pm | 2609Read More...It was a historic week for cannabis. The U.S. House of Representatives voted to pass the MORE Act, a piece of legislation that could effectively decriminalize marijuana on a federal level. The bill will now head towards the Senate, where results remain uncertain. “The US House of...
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The Week In Cannabis: Stocks Skyrocket As Markets Rise, Jay-Z's New Mega Venture And More
Sunday, November 29, 2020 - 8:16am | 2537Read More...In a four-day week where markets were on the rise, cannabis stocks proved to be big winners. Late Friday, stocks surged on news that a federal marijuana legalization bill will get a congressional vote next week. During the holiday week: The ETFMG Alternative Harvest ETF (NYSE: MJ): gained 12...
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The Week In Cannabis: Stocks Outperform S&P, Mexico Moves Forward, Earnings, And More
Saturday, November 21, 2020 - 6:35pm | 3200Read More...Cannabis stocks outperformed the S&P 500 this week. Over the last five trading days: The ETFMG Alternative Harvest ETF (NYSE: MJ): gained 2.5% The AdvisorShares Pure Cannabis ETF (NYSE: YOLO): was up 2.6% The Cannabis ETF (NYSE: THCX): advanced 2.7% The Amplify Seymour Cannabis ETF (NYSE: CNBS...
