Here is today's cannabis stocks recap, with the winners, the losers and the news behind the moves. MSOS fell 4% on Monday and gave back Friday's gain, but cannabis lenders and landlords went the other way: AFC Gamma rose 8.4%.
ETFs, Monday: MSOS −4.0% to $4.07, CNBS −3.3%, YOLO −1.8%, MJ −1.2%. Of 22 names above $50M, 6 rose and 15 fell.
Winners
- AFC Gamma (AFCG): +8.4% to $3.44
- GrowGeneration (GRWG): +4.7% to $1.57
- Scotts Miracle-Gro (SMG): +2.5% to $66.34
- Innovative Industrial Properties (IIPR): +1.3% to $55.54
Losers
- Cresco Labs (CRLBF): −4.5% to $0.53, closing at its 52-week low
- Canopy Growth (CGC): −4.4% to $0.62, near last week's new 52-week low of $0.58
- Curaleaf (CURLF): −4.2% to $8.98
- Turning Point Brands (TPB): −4.0% to $63.26
- Green Thumb (GTBIF): −3.4% to $6.55, after Friday's 8.5% jump
Canadian LPs: Tilray −2.4% to $2.85, Cronos −1.9% to $3.54, Aurora −1.5% to $5.16, Organigram flat at $0.88.
How the news lined up
- Village Farms reported record Q3 cannabis sales of $55M before Monday's open, and the stock still slipped 1.4% to $2.84.
- We found no company news behind AFC Gamma's move. Lenders, REITs and suppliers were the only green corner of the sector.
These are correlations, not proof of cause.
Watch today: Curaleaf said it has all required competition clearances for its Aurora bid, and Texas lawmakers filed statewide legalization bills. Both came after Monday's close.
Is the money rotating from operators to the companies that lend to them and lease them buildings?
Not investment advice.
Sources: trees.cloud stock data (Mon Nov 9 close). Village Farms Q3 (MarketScreener): https://www.marketscreener.com/news/village-farms-international-reports-q3-2026-results-driven-by-record-cannabis-revenues-ce785fd3dd89f523 Curaleaf clearances (Cannabis Business Times): https://www.cannabisbusinesstimes.com/business-issues-benchmarks/mergers-and-acquisitions/news/16425027/curaleaf-receives-all-required-competition-law-clearances-for-proposed-acquisition-of-aurora-cannabis Texas bills (Marijuana Moment): https://www.marijuanamoment.net/marijuana-would-be-legalized-statewide-in-texas-under-new-bills-filed-for-2027-session/
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