Cannabis stocks reversed their early losses Tuesday to trade mostly higher, shrugging off the rout in the broader market which was falling as investors continued to sell off technology and internet stocks. Canopy Growth Corp. (WEED.T)led the gainers, adding 2.9% in midmorning trade. Canopy is viewed as one of the stronger players in the new sector, thanks to a $4 billion investment from drinks giant Constellation Brands Inc. (STZ). Cronos Corp. (CRON.T) was up 3.1%. Tilray Inc. was up 1.8% and Aphria Inc. was up 1.4%. Aurora Cannabis Inc. was up 2.1%, and Green Organic Dutchman Holdings was up 4.1%. The ETFMG Alternative Harvest ETF (MJ) was up 0.6% and the Horizons Mariujana Life Sciences ETF was up 1%. The S&P 500 was down 1.4% and the Dow Jones Industrial Average was down 1.7%.
-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
November 20, 2018 11:29 ET (16:29 GMT)
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