Why Marijuana Stocks Like Aurora Cannabis and HEXO Are Sinking Today
Wednesday is not shaping up to be a memorable day for marijuana stock investors, with many of the sector's top names dropping in price. As of late afternoon, Aurora Cannabis (NYSE: ACB) was down by 8%, HEXO (NYSE: HEXO) had fallen nearly 7%, and cannabidiol (CBD) products specialist Charlotte's Web Holdings (OTC: CWBHF) was trading 6% lower.
It was actually a fairly quiet news day for Aurora, HEXO, and Charlotte's Web in particular and for marijuana stocks generally. That followed a burst of happenings in a short space of time; HEXO's announcement that it is acquiring peer Zenabis, Canopy Growth's third-quarter earnings, etc.
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Source Fool.com
