Cannabis stocks were mostly awash in red on Thursday. The clock is ticking: it's a mere six days until Canada legalizes recreational marijuana.
Investors continue to question which way markets will go, however, recent weeks have been reasonably positive, overall.
Shares closed up 4.1% at US$41.69.
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Shares were down 5.7% at C$9.05 in New York and down 6.4% at C$11.80.
Tilray Inc (NASDAQ:TLRY) shares took a further hit Thursday following weeks of volatility and following the close of its convertible debt offering. The company raised a total of $435 million. The initial offer was worth $400 million, but was later upsized.
Shares fell 3.6% to US$131.95.
Shares were down 8.3% at C$3.30 in Toronto and up 1.9% at US$2.58 in New York.
The North American Marijuana Index, which tracks the top cannabis stocks in the United States and Canada, was down 1.72% to US$309.38
The Horizons Marijuana Life Sciences Exchange Traded Fund, a group of marijuana stocks that trades on the Toronto Stock Exchange, was down 2.19% to C$23.20.
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