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Stock impact report

Why Marijuana Stocks Wilted Today [The Motley Fool]

Aurora Cannabis, Inc (ACB)  More Company Research Source: The Motley Fool
PDF What happenedMarijuana stocksAurora Cannabis(NYSE:ACBHEXONYSE:HEXOAphriaNASDAQ:APHATilrayNASDAQ:TLRYAphria is mergingOnly one of these four cannabis companies was mentioned in the news today, and that was a positive report.Image source: Getty Images.So whatEarly Monday morning, analysts at Cantor Fitzgerald raised their price target on Aurora Cannabis by 33%, reportsStreetInsider.comBut as MarketWatch reported in the afternoon (after the price target hike), there have been some rumblings on Wall Street that all may not be well with the marijuana industry. Foothill Capital Management's Korey Bauer was quoted worrying about oversupply in Canada. Alliance Global Partners analyst Aaron Grey also warned that pricing pressure persists.Now whatNot all the news is bad. The Province of Ontario is apparently getting ready to increase the number of stores authorized to sell cannabis, Grey said. And even if legalization doesn't happen at the federal level in the U.S. this year, Grey suggests that [Read more]
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