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Saturday 27 October 2018

The actions of the main cannabis companies were affected by losses | CBC News

Shares in major cannabis companies sell off sharply

Last Wednesday, cannabis recreational use was legalized in Canada and before that much of the previous year, many investors anticipated the acquisition of shares of companies related to cannabis.

On the other hand, all Canadian marijuana companies lost more than 10% in Monday’s operations. Among those affected are the most important in the sector, Aurora Cannabis, Canopy Growth, Aphria, and Tilray. They were affected by double-digit percentage declines.

Business percentage declines

· Aurora Cannabis was down 12 percent at $ 11.42 per share.

· Canopy Growth lost more than 11 percent to close at $ 54.46 on the TSX.

· Aphria Inc. lost 13 percent to $ 15.77 per share.

· Tilray was the most affected as it fell more than 15 percent to $ 122.60 per share.

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