Pot Stocks, ETFs, Top News And Data From The Cannabis Industry This Week – Fox Business

April started with considerable pressure on the markets.

Concerns over legalization in Canada, previously assumed to be a done deal, continue to weigh on investors, along with fears of a supply glut, as discussed on the cover of Barrons this week, 420 InvestorAlan Brochstein told Benzinga. It looked to me like we hit a low this week, and I was able to up my exposure in my model portfolios to the Canadian LPs, he added, pointing out that insiders have been buying stock in their companies, with large purchases at Aurora Cannabis, Cronos Group and MedReleaf by one or more executives.

United States Marijuana Index, which tracks 17 of the largest marijuana stocks in the U.S., ended the week flat. The North American Marijuana Index, which also includes Canadian stocks, posted losses of 5.2 percent.

The Horizons Marijuana Life Sciences Index ETF (OTC:HMLSF) lost 9.75 percent over the five days of the week, while the ETFMG Alternative Harvest ETF (NYSE:MJ) tumbled more than 7 percent. This compares to the SPDR S&P 500 ETF Trust (NYSE:SPY)s 1.3 percent decline.


In The News

High Times Holding Corporationannouncedthe closing of its acquisition ofGreen Rush Daily. High Times — which currently trades underOrigo Acquisition Corporation(NASDAQ:OACQ)(OTC:OACQF)– will give Green Rushs sole proprietor, Scott McGovern, a total of 577,651 Class A shares (worth roughly $6.4 million) and $500,000 in cash.McGovern will serve as High Times senior executive vice president of publishing, getting an additional 289,630 Class B non-voting stock options, to vest over a three-year period at $2.18 per share, as part of his compensation. Read all about it in our exclusive article.

Cannabis Wheaton Income Corp (OTC:CBWTF) announced the acquisition Canada-based late-stage Licensed Dealer applicant Dosecann in an all-stock deal valued at $38 million.

Friday Night

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