© TheStreet Cannabis Stocks Fall: Tilray Up 10.4%; General Cannabis Off 5.3%
Cannabis stocks were mixed Wednesday. Among notable stocks in the sector, eight rose while seven fell. Tilray shares rose $3.04, or 10.38%, to $32.34. The company announced it has signed its first agreement to supply cannabis from its facility in Portugal to Germany. General Cannabis shares fell 6 cents, or 5.26%, to $1.08. The Alternative Harvest ETF rose 21 cents, or 0.81%, to $26.01. The AdvisorShares Pure Cannabis ETF rose 5 cents, or 0.26%, to $19.23. The Horizons Marijuana Life Sciences ETF rose 10.17 cents, or 0.89%, to $11.56. Large cap stocks with notable cannabis initiatives rose. Shares of AbbVie, Inc. rose $1.13, or 1.7%, to $67.54. The company makes Marinol, a drug based on a synthetic form of THC that is used to treat nausea from chemotherapy among other conditions. Shares of Molson Coors Brewing Company Class fell 38 cents, or 0.73%, to $51.78. The company is working to develop beers infused with cannabis for the Canadian market. This article was originally published by TheStreet.
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