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APHA Rises along with the Cannabis Sector

Cannabis sector risingThe overall cannabis sector was up in the first half of the day on May 24. Aphria (APHA) led the pack with an 8% increase after Jefferies initiated coverage on its stock with a “buy” rating and a price target of 15 Canadian dollars.The sector benchmark, the Horizons Marijuana Life Sciences ETF (HMMJ),…

 

Cannabis sector rising

The overall cannabis sector was up in the first half of the day on May 24. Aphria (APHA) led the pack with an 8% increase after Jefferies initiated coverage on its stock with a “buy” rating and a price target of 15 Canadian dollars.

The sector benchmark, the Horizons Marijuana Life Sciences ETF (HMMJ), was up 0.81%, while the ETFMG Alternative Harvest ETF (MJ) was up nearly 1.2% as of around noon. Let’s look at the movements of other cannabis sector stocks so far today.

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