Why Aphria, Aurora Cannabis, and Cronos Group Sank in February
Canadian marijuana stocks had a terrible February. High-profile names like Aphria (NYSE: APHA), Aurora Cannabis (NYSE: ACB), and Cronos Group (NASDAQ: CRON) each lost a staggering amount of value last month. Aphria's shares dropped by 21.5%, Aurora's stock dipped by 29.1%, and Cronos' equity slipped by 18.5%, according to data from S&P Global Market Intelligence.
While the broader markets also performed rather poorly in February, Aphria, Aurora, and Cronos all posted losses that were far larger than the major indexes last month. In fact, these three pot stocks were some of the worst performers in the entire healthcare sector in February.
Image source: Getty Images.
Source Fool.com
