Pot is hot… $APHA ? pic.twitter.com/PYxFcAZzFc — Steven Strazza (@sstrazza) February 9, 2021 Today’s Chart of the Day was shared on Twitter by Steve Strazza (@sstrazza). Pot stocks have been smokin’ hot lately. The largest Marijuana ETF, $MJ, is up more than 100% since the start of the year. Steve points out that Aphria Inc. ($APHA), the largest component within […]
Cannabis Sell-off Burns Out
Investors in the Cannabis Industry had a rough go at it in 2019 as our benchmark, the Horizons Medical Marijuana Life Sciences ETF ($HMMJ), traded on the Toronto Stock Exchange ($TSX), fell by roughly 37% during the year, compared to a 29% and 19% annual return for the S&P 500 and TSX Composite. Also included […]
Chart of the Day – Thursday, October 10th, 2019
Today’s Chart of the Day was shared on Twitter by Charlie Bilello (@charliebilello). It’s a chart showing the year-to-date performance (total-return) of the largest Marijuana ETFs including; $MJ, $YOLO, $THCX, $TOKE, $CNBS, and $POTX. Charlie points out that almost all of these ETFs, except $MJ, were launched in 2019. As you can see, all six […]
Marijuana Massacre
Pot stocks have taken a nosedive this year. The largest ETF that tracks the Marijuana industry group, $MJ, hit an all-time low today and has fallen 47% in the past 12 months. It’s a sea of red regardless of what time frame you’re looking at. Just a year ago, sentiment around these stocks was euphoric. There was […]