skip to Main Content
Once On A High, Cannabis Stocks Are Now Getting Crushed

If you’re invested in any one of the major weed stocks listed on the Toronto Stock Exchange, the past few months must have been utterly nerve-wracking. After a sharp bull run in the in the months leading up to 2018, shares of some of the biggest licensed producers in Canada plunged in the second half of January and into early February, only recovering slightly this past week.

Between Friday, January 26 and Monday, February 5, shares of Canopy Growth Corporation, the world’s biggest cannabis producer, lost just over 30 percent of its market value. Aphria Inc., and Aurora Cannabis, two other prominent licensed producers saw their stock price erode in that time frame as well, with Aphria also losing about 30 percent of its value.

Sure, there was a mini flash crash of sorts on all major North American markets in early February and pot stocks were caught up in that decline. But in the 10 days leading up to February 5, the TSX declined by 5.5 percent, whereas pot stocks saw a drop six times that number. So what exactly happened?

Fall 2017: The Bull Run

We have to put these numbers in context, Aaron Salz, founder of Toronto-based consulting firm Stoic Advisory told VICE Money.  [Read more at Vice News]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published.

Recent Stories

Medical marijuana associated with reduced pain and opioid related outcomes in cancer patients

A new study finds a link between the legalization of medical marijuana and a reduction in the rate of opioid dispensing and pain-related hospital events in some cancer patients. In…

Medical marijuana cards are now free in Rhode Island

Starting Thursday, Rhode Island medical marijuana patients will no longer have to pay $50 to obtain a medical card, a change that coincides with the start of recreational marijuana sales.…

How did Rhode Island’s first day of retail marijuana sales go? Pretty mellow.

The first day of legal weed sales in Rhode Island Thursday was, well, mellow – punctuated by a 96-year-old war veteran buying a pot cookie to have with his coffee…

Cannabis giant Curaleaf just laid off over 200 employees as the industry’s downturn deepens

Curaleaf, one of the largest cannabis companies in the world, has laid off hundreds of its staff, Insider has learned. The company laid off around 220 employees ahead of the…

More Categories

Back To Top
×Close search
Search