Cannabis stocks had a rough day Tuesday, with most big players in the negative.
After announcing a global supply agreement with international pharmaceutical company Novartis (NYSE: NVS), Tilray Inc. (NASDAQ: TLRY) shot up as much as 21.9% over Monday’s closing price during intraday trading.
Canopy Growth Corp. ended yesterday’s trading down by 0.54% at $29.21. Aurora Cannabis (NYSE: ACB) had an especially volatile day, closing out down at 0.18% at $5.53
After announcing a supply agreement to purchase dried flower to RavenQuest BioMed Inc (CSE:RQB) (OTCQB:RVVQF), Wayland Group (OTC: MRRCF) (CSE: WAYL) was up more than 10% to US$0.77.
After a bullish report issued by Citron Research, Aphria (NYSE: APHA) stock shot up 10%. The short seller’s report argues that the stock could shoot as high as $8 before the end of the year.
Organigram Holdings Inc (TSXV: OGI) was trading up 0.63% to $4.78 per share by the end of business.
MedMen Enterprises (CSE: MMEN) (OTCMKTS: MMNFF) began the day on top of the CSE trading up 3.5%. The stock later corrected but was still up 2.03% at $4.03.
Terra Tech Corp. (OTCQX: TRTC) took a massive hit after allegations of fraud were made about the company. Terra Tech sank 25% to $0.54. To distance itself from the claims, Golden Leaf Holdings Ltd (CSE:GLH) (OTCQB:GLDFF) announced it was no longer interested in acquiring Terra Tech.
GrowGeneration Corp. (OTCQX: GRGW) fell 6% to US$2.50. The company recently opened a new cultivation facility in Maine, marking its 20th location in eight states.
Isodiol International (CSE: ISOL) plunged 9% to $1.14, while Vivo Cannabis Inc (OTCQX: VVCIF) (CVE: VIVO) fell 6% to $0.53.
Origin House (CSE: OH) (OTCQB: ORHOF) was down less than 1% to $4.52.
The North American Marijuana index fell roughly 0.9% to $215.71. ETFMG Alternative Harvest ETF (NYSE: MJ) was up 0.57% to $26.55.