Cannabis Stocks Fall on Disappointing Earnings

19

Investors in cannabis companies are getting rid of their money last week after disappointing earnings reports.

Chanopy Growth Corp, the largest cannabis company shares its market value, slid 14% Thursday after it reported that incomes in the latest quarter did not expect the expectations of analysts and wrote down its inventory value. The shares of the company based in Canada are down 41% to date this year.

Rival …

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.