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Aphria Debuts On The New York Stock Exchange

Shares trade under the ticker “APHA”

Weed stocks were mostly higher Friday after the Canadian cannabis producer Aphria debuted for trading on the New York Stock Exchange.

Aphria, which trades under the ticker “APHA,” opened for trading at $11.75 a share, and was little changed in the first hour of action. Peers Aurora Cannabis (+2.38%), Canopy Growth (+0.41%), Cronos (+2.6%) were higher at 11:11 a.m. ET while Tilray (-1.84%) was the lone decliner.

Cannabis stocks have been hit hard in recent weeks as traders dumped shares in the aftermath of Canada becoming the second country to legalize the drug. For instance, the ETFMG Alternative Harvest Exchange Traded Fund — which tracks companies likely to benefit from the increasing global acceptance of cannabis and trades under the ticker “MJ” — plunged as much as 31% in the two weeks following Canada’s legalization.

 

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