Cannabis Watch: Cannabis stocks fall for third straight day as sentiment remains bearish after weak summer [MarketWatch]
Last constellation brands, inc earnings: 10/3 07:30 am
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Cannabis stocks fall for third straight day as sentiment remains bearish after weak summer Cannabis stocks fell for a third straight day Monday, shrugging off gains in the broader market as the bearish sentiment that has hurt the sector all summer continued to weigh. The ETFMG Alternative Harvest ETF MJ, -0.30% was down 1.1%, with 25 of its constituent stocks trading lower. The Horizons Marijuana Life Sciences ETF HMMJ, -0.07% was down 0.3%, with 32 of its 54 constituents declining. Market leader Canopy Growth CGC, +0.24% WEED, +0.00% swung between small gains and losses, as an analyst upgrade weighed against an estimate of the losses that its biggest shareholder is expecting to share for the second quarter. Seaport Global analyst Brett Hundley upgraded the stock to buy from neutral and said it looks attractive after a steep selloff during the summer months. Canopy shares took a hit after its co-Chief Executive Bruce Linton was fired in early July at the bidding of its ma
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