Why Aurora Cannabis, Cronos Group, HEXO, OrganiGram Holdings, and Tilray Are Getting Hammered Today [The Motley Fool]
Aurora Cannabis Inc. - Common Shares (ACB)
Company Research
Source: The Motley Fool
Why Aurora Cannabis, Cronos Group, HEXO, OrganiGram Holdings, and Tilray Are Getting Hammered Today Worries about the global supply chain are sinking these five Canadian pot stocks today. Canadian pot stocks simply can't catch a break. After a tough year that saw Health Canada fail to license enough brick-and-mortar retail locations, which markedly hurt sales of dried flower products, the industry is getting absolutely walloped yet again today by the COVID-19 threat. As of 10:30 a.m. EST Thursday, shares of Aurora Cannabis ( NYSE:ACB ) are down by 10.6%. Also down are shares of Cronos Group ( NASDAQ:CRON ) (11.6%), HEXO ( NYSE:HEXO ) (11.1%), OrganiGram Holdings ( NASDAQ:OGI ) (11.1%), and Tilray ( NASDAQ:TLRY ) (12%). That's a lot of red ink, to be sure, especially for an industry that's already taken a huge step backward over the past 12 months. The key concern seems to be the potential impact of COVID-19 on the global manufacturing supply chain. At the moment, nearly all vape
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News
- Cannabis Beverages Global Strategic Business Report 2024: Market to Grow by $1.6 Billion by 2030 - Major Alcoholic Beverage Players Seek Role in the Market [Yahoo! Finance]Yahoo! Finance
- Green gold rush, Aurora Cannabis leads pot stock surge [BNN Bloomberg (Canada)]BNN Bloomberg
- CNN values your feedback [CNN]CNN
- ACB, BRNS and EDUC among mid-day movers [Seeking Alpha]Seeking Alpha
- Is Aurora Cannabis Set to Take Off After Soaring 39% in the Past Month? [Yahoo! Finance]Yahoo! Finance
ACB
Analyst Actions
- 2/8/24 - CANACCORD
ACB
Sec Filings
- 3/1/24 - Form 6-K
- 2/16/24 - Form 6-K
- 2/8/24 - Form 6-K
- ACB's page on the SEC website