Cannabis stocks tumbled into Tuesday slipping down, after boosts on Monday.
The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, slipped 0.7% to 299.09 on Tuesday. The Horizons Marijuana Life Sciences Index ETF was flat at C$20.90.
Empower Clinics Inc (CSE:CBDT) (OTCMKTS:EPWCF) shares powered up on Tuesday, jumping 12.5% at C$0.18 in Canadian trading on Tuesday midday.
Last week, the firm announced it is partnering with a leading digital cannabis analytics company to place educational kiosks in each of its clinics to provide information, data and analysis of physician-recommended alternative CBD therapies.
Empower Clinics is one of the largest operators of medical-cannabis-focused healthcare in the US.
CROP Infrastructure Corp (CSE:CROP) (OTC:CRXPF) shares were up on Tuesday, after it announced it has completed the construction of its 57,600 square foot nursery in Nye County, Nevada and it is ready to support the company’s CBD farm operations.
Shares popped 5% at C$0.31 in Toronto and up 2.8% at US$0.24 in New York.
“The CROP family of companies and subsidiaries continues to build strategic infrastructure in key states where we are present,” said CROP Infrastructure CEO Michael Yorke in a statement. “These are one time builds that will streamline harvests, reduce risks and costs as well as maximize yields for many years to come.”
TILT Holdings Inc (CSE:TILT) (OTCMKTS:SVVTF) shares were soaring on Tuesday on the back of gains from Monday. The company announced it was broadening its California market penetration, with the expansion of its Blackbird Holdings Corp delivery and supply chain services in LA.
Shares were up 8.6% at C$2.78 in Toronto, up 9.7% at C$2.10 in New York.
A number of stocks lagged on Tuesday.
The cannabis-focused agricultural company's shares were down 4.5% at US$0.89 in New York on no new news.
Cronos shares have been volatile lately, after a host of spikes and has dropped around 15% in the last month.
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