Why Cannabis Stocks Are Trading Mixed Today
Shares of some Canadian cannabis stocks are moving in different directions today. As of 11:30 a.m. EST, Tilray (NASDAQ: TLRY) shares were 9% higher, HEXO (NYSE: HEXO) shares had gone up 10% before settling down to a 1% gain, and Village Farms International (NASDAQ: VFF) shares had sunk 11%.
Tilray shares are building on gains from yesterday, after the company's merger partner, Aphria (NASDAQ: APHA), reported strong earnings. HEXO announced a new CBD beverage yesterday with its joint venture partner Molson Coors (NYSE: TAP), while Village Farms shares dropped after it announced a new stock offering.
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Source Fool.com
