Marijuana producer Hexo to list on NYSE American Exchange

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January 17, 2019 1:11pm NYSE:MJ

marijuana stocks

From Max A. Cherney: Canadian marijuana producer Hexo Corp. HYYDF, +1.70% HEXO, +1.77% said early Thursday that it has been approved for listing on the NYSE American exchange, and will begin trading Jan. 23. Hexo’s current over the counter listing in the U.S. is up 1.9% in Thursday trading. Hexo follows other Canadian licensed cannabis producers such as Aurora Cannabis Inc. ACB, -6.00% ACB, -5.76% and Canopy Growth Corp. CGC, +4.18% WEED, +4.15% which have also listed on U.S. exchanges. Hexo and Molson Coors Brewing Co. TAP, +1.00% have signed a joint venture to develop non-alcoholic, cannabis-infused beverages. ETF Alternative Harvest ETF MJ, +0.20% which tracks a basket of pot stocks, is up less than 0.1% in midday trading.



The ETFMG Alternative Harvest ETF (MJ) was trading at $30.73 per share on Thursday afternoon, up $0.05 (+0.16%). Year-to-date, MJ has declined -5.52%, versus a -1.58% rise in the benchmark S&P 500 index during the same period.

MJ currently has an ETF Daily News SMART Grade of C (Neutral), and is ranked #59 of 75 ETFs in the Global Equities ETFs category.


This article is brought to you courtesy of MarketWatch.


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