Marijuana producer Hexo to list on NYSE American Exchange

Share This Article
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.

Read Next

Get Free Updates

Join over 50,000 investors who get the latest news from!

Most Popular

From Our Partners

Explore More from

Free Daily Newsletter

Get daily ETF insights from our market experts. Never miss another important market development again! respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories