0.10 (2.85%) 1d
It's not about market conditions hurting cannabis stocks Like Uber and Lyft, cannabis stocks have to make money and profits at some point.
Down over 9% this week, even with today's cannabis comeback He has been long in cannabis. It's been a tough week. Most of this ETF is invested in Canadian stocks. Canopy this week just announced it would issue more shares, which will highly dilute shares. Canopy has been eroding capital quickly. A lot of consolidation needs to happen. The top 3-4 Canadian players are losing market share. Look to U.S. names, instead, where valuations are interesting. Names like Curaleaf are trading at low May 2020 valuations.

Thise ETF got hammered 3% as the big Canadian producers held in this got killed today (Aurora, Canopy, Tilra). Aphria, though, held on, because they just announced a US acquisition. It's against the law to publicly list American pot stocks, so this ETF holds only Canadian ones, and American companies can list only in Canada. He feels that legalization makes good politics. In last night's vote, some states voted to legalize cannabis, and he expects more states to follow suit in the future.

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ETFMG Alternative Harvest ETF(MJ-N) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for ETFMG Alternative Harvest ETF is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

ETFMG Alternative Harvest ETF(MJ-N) Frequently Asked Questions

What is ETFMG Alternative Harvest ETF stock symbol?

ETFMG Alternative Harvest ETF is a American stock, trading under the symbol MJ-N on the NYSE Arca (MJ). It is usually referred to as AMEX:MJ or MJ-N

Is ETFMG Alternative Harvest ETF a buy or a sell?

In the last year, there was no coverage of ETFMG Alternative Harvest ETF published on Stockchase.

Is ETFMG Alternative Harvest ETF a good investment or a top pick?

ETFMG Alternative Harvest ETF was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for ETFMG Alternative Harvest ETF.

Why is ETFMG Alternative Harvest ETF stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is ETFMG Alternative Harvest ETF worth watching?

0 stock analysts on Stockchase covered ETFMG Alternative Harvest ETF In the last year. It is a trending stock that is worth watching.

What is ETFMG Alternative Harvest ETF stock price?

On 2024-06-14, ETFMG Alternative Harvest ETF (MJ-N) stock closed at a price of $3.41.