Why Aurora Cannabis, Cronos Group, HEXO, OrganiGram Holdings, and Tilray Are Getting Hammered 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.