November 13, 2018 / 1:22 PM / 7 months ago

BUZZ-Cronos Group: Drops on wider-than-expected loss

** U.S.-listed shares of Canadian cannabis firm down 1.4 pct at $8.33 premarket

** Co posts bigger-than-expected Q3 loss due to higher costs during quarter

** Rival Aurora Cannabis Inc too posted a much bigger-than-expected Q1 loss on Monday; U.S.-listed ACB shares rose marginally before the bell

** The ETFMG Alternative Harvest ETF rose 3.3 pct

** The U.S. mid-term elections last week pointed to more favorable political conditions for the industry in the United States, as Michigan became the 10th state to approve recreational use of marijuana

** As of Monday’s close, U.S.-listed CRON rose 9.3 pct YTD, while ACB fell 5.3 pct (Reporting by Shreyashi Sanyal in Bengaluru)

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