August 14, 2018 / 2:18 PM / a month ago

BUZZ-Weed stocks drop after Ontario delays start of retail sales

** Shares of Canadian marijuana companies drop after Ontario delays start date of retail cannabis sales

** Ontario will allow pvt retailers to sell recreational marijuana starting April 1 next year, abandoning prior plans for government-controlled stores starting on Oct. 17

** Aurora Cannabis drops 5.2 pct, while Aphria and Canopy Growth, slide ~6 pct

** Recent market debutant Tilray Inc falls 3.2 pct, while Green Organic Dutchman falls 4.5 pct; Cronos Group, is up marginally at 0.5 pct

** Horizons Marijuana Life Sciences ETF down 3.4 pct and U.S.-listed ETFMG Alternative Harvest ETF drops 1.6 pct to a new 52-wk low

** The HMMJ is down about 22 pct so far in 2018; it is also down 22 pct since mid-June since Canada’s upper house of parliament approved recreational use of marijuana (Reporting by Savio D’Souza)

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