Hersha Hospitality Trust
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap Value
Company profile

Hersha Hospitality Trust is a self-advised real estate investment trust (REIT). The Company invests primarily in institutional grade hotels in urban gateway markets, including New York, Washington, District of Columbia, Boston, Philadelphia, South Florida and select markets on the West Coast. As of December 31, 2017, the Company's hotels included 50 hotels totaling 7,725 rooms located in New York, Washington, DC, Boston, Philadelphia, South Florida and select markets on the West Coast. The Company’s properties operate under brands that include Marriott International, Hilton Hotels, Hyatt Hotels, Intercontinental Hotel Group, and Pan Pacific.

Closing Price
$4.70
Day's Change
-0.11 (-2.29%)
Bid
--
Ask
--
B/A Size
--
Day's High
4.76
Day's Low
4.54
Volume
(Light)
Volume:
318,193

10-day average volume:
781,512
318,193

Canopy Growth to close 23 corporate-owned cannabis stores temporarily to combat coronavirus

7:27 am ET March 17, 2020 (MarketWatch)
Print

Canopy Growth Corp. (WEED.T) said Tuesday it is planning to close all of its corporate-owned retail stores temporarily starting at 5 p.m. local time as it works to combat the coronavirus that causes COVID-19. The Canadian cannabis market leader, based in Smith Falls, Ontario, said the decision was deemed best for its retail workers. "This is a big decision but it was also an easy one to make -- our retail teams are public-facing and have been serving an above-average volume of transactions in recent days," Chief Executive David Klein said in a statement. Cannabis companies have been reported a spike in demand for weed as more and more people are ordered to hunker down at home. The decision affects 23 stores in Newfoundland, Saskatchewan, and Manitoba as well as the Tweed Visitor Centre in Smiths Falls, ON. The company will continue to provide medical cannabis to patients through is online platform. Shares rose 2.2% premarket, but have fallen 78% in the last 12 months, while the ETFMG Alternative Harvest ETF (MJ) has fallen 75% and the S&P 500 has fallen 15%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

March 17, 2020 07:27 ET (11:27 GMT)

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