- Hitting the midpoint in trading on Monday afternoon and market participants can see that the cannabis industry is one of the market's weakest performing areas.
- The two worst performing exchange traded funds on the day so far are Global X Cannabis ETF (NASDAQ:POTX), which is trading to the downside -6.36%, and Spinnaker ETF Series The Cannabis ETF (NYSEARCA:THCX) -4.98%.
- Furthermore, there is a handful of other cannabis-related ETFs that are trading negative on the day as well.
- Advisorshares Pure Cannabis ETF (NYSEARCA:YOLO) -4.43%, Amplify Seymour Cannabis ETF (NYSEARCA:CNBS) -4.21%, Alternative Harvest ETF (NYSEARCA:MJ) -4.17%, Advisorshares Pure US Cannabis ETF (NYSEARCA:MSOS) -3.75%, and Cambria Cannabis ETF (BATS:TOKE) -3.64%.
- Cannabis ETFs, which are doing well year-to-date, have come down from their mid-February highs, but investors are still pumping money into the industry.
- Combining the seven exchange traded funds from above and investors can see that over $1.7b in investment flows have poured into the space year-to-date.
- Additionally, in the cannabis space, Aphria Inc. has slid to the downside today after fiscal Q3 2021 results miss consensus.