Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Shares of Aurora Cannabis, Canopy Growth, and Sundial Growers Are Slumping Today

TheMotleyFool

0 0

Why Shares of Aurora Cannabis, Canopy Growth, and Sundial Growers Are Slumping Today: https://g.foolcdn.com/editorial/images/689449/cannabis-black.jpg

Marijuana stocks are in retreat yet again today. Specifically, shares of Aurora Cannabis (NASDAQ: ACB) and Canopy Growth (NASDAQ: CGC) were both down by approximately 6.8%, while Sundial Growers (NASDAQ: SNDL) stock had fallen 5.5% as of 10:36 a.m. ET Monday morning.

Cannabis equities have been steadily moving lower in 2022. The industry has struggled in the face of supply gluts, shifting consumer trends, a fragmented legal landscape in key geographies like the U.S., banking limitations, and margin erosion stemming from legal and illegal competition, among many other headwinds.

Image Source: Getty Images.

Source Fool.com

Like: 0

ACB

Share