It was a sleepy day in the cannabis sector, and the major indices were a mixed bag.
The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, lost 0.3% to 96.8 points. Elsewhere, the Horizons Marijuana Life Sciences Index ETF rose 0.5% at C$8.22, while the OTCQX Cannabis index decreased by 0.7% to 396.2 points.
Buds
No single marijuana stock ran away with the day, but plenty of companies made modest gains.
Green Thumb Industries Inc (OTCMKTS:GTBIF) gained 4.2% to US$8.71, Innovative Industrial Properties Inc (NYSE:IIPR) increased 2.5% to US$95.15 and Cronos Group Inc (NASDAQ:CRON) rose 1.9% to $6.86.
Duds
Youngevity International Inc (NASDAQ:YGYI), a multi-channel lifestyle company which operates a commercial hemp enterprise, saw its shares dip slightly.
The company announced that it was reorganizing its board so that a majority of its members would be independent directors, in accordance with Nasdaq rules.
Youngevity stock dropped 2.9% to $1.36.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
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