Cannabis stocks were mixed Wednesday.
Among notable stocks in the sector, eight rose while seven fell.
Tilray shares (TLRY - Get Report) rose $3.04, or 10.38%, to $32.34. The company announced it has signed its first agreement to supply cannabis from its facility in Portugal to Germany.
General Cannabis shares (CANN) fell 6 cents, or 5.26%, to $1.08.
The Alternative Harvest ETF (MJ - Get Report) rose 21 cents, or 0.81%, to $26.01.
The AdvisorShares Pure Cannabis ETF (YOLO) rose 5 cents, or 0.26%, to $19.23.
The Horizons Marijuana Life Sciences ETF (HMLSF) rose 10.17 cents, or 0.89%, to $11.56.
Large cap stocks with notable cannabis initiatives rose.
Shares of AbbVie, Inc. (ABBV - Get Report) rose $1.13, or 1.7%, to $67.54. The company makes Marinol, a drug based on a synthetic form of THC that is used to treat nausea from chemotherapy among other conditions.
Shares of Molson Coors Brewing Company Class (TAP - Get Report) fell 38 cents, or 0.73%, to $51.78. The company is working to develop beers infused with cannabis for the Canadian market.
