RE:Global Cannabis Stock Index Constituents Gain 27% in May Jun Stock performance
The cannabis sector showed a strong recovery from its March lows. The expectation of increased cannabis sales during the lockdown and the impressive third-quarter performance from Aurora Cannabis drove the sector. Meanwhile, Canopy Growth’s weak fourth-quarter performance was a dampener. Still, the ETFMG Alternative Harvest ETF (NYSE:MJ) rose 56.2% from its March low. Meanwhile, the Horizons Marijuana Life Sciences Index ETF (TSE:HMMJ) has increased by 71.8%. Individually, Canopy Growth, Aurora Cannabis, and Aphria are trading 86.8%, 82.5%, and 119.2% higher from their March lows.