Cannabis Stocks are a Sea of Red as Selloff Stretches to 6th Straight Day

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Aurora Cannabis tumbles 9% in continued fallout from disappointing earnings, MedMen slammed by news of job cuts

Cannabis stocks have been a sea of red once again on Monday, with Aurora Cannabis tumbling a different 15% following disappointing earnings and MedMen down 23% on news of job cuts and asset sales.

The ETFMG Option Harvest ETF MJ, +1.93% was final down four% with 26 of its 36 member stocks trading reduced. The ETF has fallen for six straight days and is now down 35% in the year to date.

The Horizons Marijuana Life Sciences ETF HMMJ, +two.61%  was down five%, with 48 of its constituent stocks declining. The S&ampP 500 SPX, +.02%  was up .1% and the Dow Jones Industrial Typical DJIA, -.21%  was up about the similar.

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Published: November 19, 2019

The post Cannabis Stocks are a Sea of Red as Selloff Stretches to 6th Straight Day appeared very first on L.A. Cannabis News.

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