The Week In Cannabis: Stocks Down, Moves In Latin America, Financings, And MorePosted by On

This was a bad week for markets in general, and cannabis was no exception.

Over the five trading days of the week:

  • The ETFMG Alternative Harvest ETF (NYSE: MJ): lost more than 6%
  • The AdvisorShares Pure Cannabis ETF (NYSE: YOLO): was down almost 9%
  • The Cannabis ETF (NYSE: THCX): dropped 9%.
  • The Amplify Seymour Cannabis ETF (NYSE: CNBS): lost 7.5%.
  • The SPDR S&P 500 ETF Trust (NYSE: SPY) was down 3.4%.

We also saw the AdvisorShares Pure US Cannabis ETF (NYSE: MSOS) start trading on Wednesday, becoming the first U.S.-listed active ETF focused solely on American cannabis companies, and Item 9 Labs Corp. (OTC: INLB) begin trading on the OTCQX on Monday.

Cannabis SaaS platform Headset secured $3.2 million in financing through a bridge round led by Canopy Rivers Inc. (OTC: CNPOF).

AeroPay teamed up with Safe Harbor Private Banking on a payments service for CBD, cannabis and non-plant touching ancillary service businesses.

Payment processing company Hypur announced a new…

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