This Week In Cannabis: Mixed Stock Performers, Big Financings, Platform Launches, And MorePosted by On

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This was a mixed week for cannabis stocks, with some ETFs in the green and others in the red.

Over the five trading days of the week:

  • The ETFMG Alternative Harvest ETF (NYSE: MJ): lost 1.4%
  • The AdvisorShares Pure Cannabis ETF (NYSE: YOLO): was up 0.8%
  • The Cannabis ETF (NYSE: THCX): was down 2%
  • The Amplify Seymour Cannabis ETF (NYSE: CNBS): gained 1.2%
  • The SPDR S&P 500 ETF Trust (NYSE: SPY) was down 1.2%.

Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) entered the Pennsylvania market via the acquisition of PurePenn LLC and Pioneer Leasing & Consulting LLC Keystone Relief Centers LLC (Solevo Wellness) for $46 million and $20 million, respectively. In addition, the company would provide up to approximately $60 million and $15 million in its shares, depending on the achievement of particular EBITDA milestones, both parties agreed on.

Tulieve also secured CA$100.4 million in financing through an underwritten offering of its 4.1 million subordinate voting shares in a…

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