Cannabis stock traded broadly lower Friday, putting the sector on track for a fourth-straight loss, as Hexo Corp. shares HEXO, -4.92% HEXO, -3.71% extended losses toward a 3-month low in the wake of disappointing quarterly results. The ETFMG Alternative Harvest ETF MJ, -2.44% dropped 2.1%, as 31 of 38 components sold off, and the Horizons U.S. Marijuana Index ETF shed 3.2%. The ETFMG ETF has now lost 5.2% over the past four sessions. Among the sector’s more-active components, shares of Hexo Corp. HEXO, -4.92% dropped 4.1%, after losing 8.8% on Thursday, to put them on track for the lowest close since March 12. Elsewhere, shares of Aurora Cannabis Inc. ACB, -0.13% inched up 0.1%, after losing 4.7% over the past three days; Cronos Group Inc. CRON, -5.62% dropped 5.7%; Aphria Inc. APHA, -2.44% shed 2.0%; and Canopy Growth Corp. CGC, -1.62% declined 2.0%. The ETFMG ETF has now shed 15% over the past three months while the S&P 500 SPX, -0.16% has gained 2.7%.
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