Here is today's cannabis stocks recap, with the winners, the losers and the news behind the moves. Canadian cannabis stocks sold off on Tuesday: Tilray fell 7.0% and Village Farms 6.0%, while US operators held steady and MSOS edged up 0.7%.
ETFs, Tuesday: MSOS +0.7% to $4.10, CNBS −0.3%, YOLO −1.8%, MJ −1.9%. Of 17 liquid names above $50M, 3 rose and 14 fell.
Winners
- Cresco Labs (CRLBF): +2.4% to $0.54, a day after closing at its 52-week low
- AFC Gamma (AFCG): +1.6% to $3.49, adding to Monday's 8.4% gain
- Green Thumb (GTBIF): +0.2% to $6.56
Losers
- Tilray (TLRY): −7.0% to $2.65, near its 52-week low of $2.49
- Village Farms (VFF): −6.0% to $2.67
- Canopy Growth (CGC): −4.9% to $0.59, just above its 52-week low of $0.58
- GrowGeneration (GRWG): −3.8% to $1.51, after Monday's 4.7% gain
- Cronos (CRON): −3.7% to $3.41
Canadian LPs: Organigram −2.7% to $0.85, at its 52-week low; High Tide −1.1%; Aurora −1.0% to $5.11; SNDL −0.7%. US MSOs and landlords: Curaleaf −0.6% to $8.93; Innovative Industrial Properties −0.9%; NewLake −0.9%; Scotts Miracle-Gro −1.8%.
How the news lined up
- Sixteen governors urged Congress on Tuesday to pass the SAFE Banking Act, and the US operator ETF was the only fund that finished higher.
- Village Farms fell for a second day after reporting record Q3 cannabis sales before Monday's open.
- Curaleaf said Tuesday morning it has all required competition clearances for its Aurora bid; both stocks slipped about 1%, and Organigram, Aurora's agreed buyer, fell 2.7%.
- We found no company news behind Tilray's drop.
These are correlations, not proof of cause.
Are investors betting that US reform helps US operators more than the Canadian LPs?
Not investment advice.
Sources: trees.cloud stock data (Tue Nov 10 close). 16 governors on SAFE Banking (Marijuana Moment): https://www.marijuanamoment.net/16-governors-from-across-the-u-s-push-congress-to-pass-marijuana-banking-bill/ 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 Village Farms Q3 (MarketScreener): https://www.marketscreener.com/news/village-farms-international-reports-q3-2026-results-driven-by-record-cannabis-revenues-ce785fd3dd89f523
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