18 Thursday, May 16, 2019 02:25

Cannabis Stocks End Mixed: Aurora Cannabis Up 3.6%; General Cannabis Off 2.9%

Cannabis stocks ended  mixed Wednesday. Trading was muted after results from Aurora Cannabis and Tilray showed big jumps in revenue, but mixed results on the bottom line. Among 10 notable cannabis stocks tracked by TheStreet, six rose while four fell. Aurora Cannabis shares rose 30 cents, or 3.58%, to $8.

68. Late Tuesday the company reported a 367% surge in revenue for its fiscal third quarter, but a wider-than-expected loss.  Tilray also reported Tuesday. General Cannabis shares fell 5 cents, or 2.94%, to $1.65. The Alternative Harvest ETF rose 56 cents, or 1.68%, to $33.85. The AdvisorShares Pure Cannabis ETF rose 39 cents, or 1.

58%, to $25.00. The Horizons Marijuana Life Sciences ETF rose 16.3 cents, or 1.09%, to $15.06. Large cap stocks with notable cannabis initiatives were mixed. Shares of Anheuser-Busch InBev SA/NV  rose 82 cents, or 0.99%, to $83.83. Shares of Scotts Miracle-Gro  fell 54 cents, or 0.62%, to $86.85. Cannabidiol maker cbdMD  is expected to report a loss of 5 cents a share on sales of $3.

2 million on Thursday, based on a single analysts estimate, according to FactSet. The stock has risen 29.31% since the company last reported earnings on Feb. 15. Shares fell 18 cents, or 2.76%, to $6.35 on Wednesday. Aurora Cannabis Inc. is a focus of the Stocks Under $10 portfolio. To find out more about how you can profit from this investing approach, please click here.


News Code: 168630  |  TheStreet.com
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