Canopy drops 17%, cannabis stocks tumble on the back of shareholder calls

In just the few hours since the market opened this morning many of the biggest publicly traded cannabis companies in Canada have seen their values continue to dip. With multiple companies hitting 52 week lows.

Aurora Cannabis (ACB) has taken a 10% hit today plummeting all the way down to $3.11 per share, a 52 week low.

Cronos Group (CRON) watched shares drop over 6% hitting a 52 week low of $6.66

Tilray (TLRY) dipped nearly 6% hitting a 52 week low of $19.50, the 52 week high was $120.40.

Canopy Growth (CGC) took a staggering hit, during and after their shareholders call, falling well past 17% with today’s low also being a 52 week low at $15.19.

While many of these stocks will rally and begin to rebuild in the near future, it may be well past the point of seeing them regain what they once were.

   

A closer look at Canopy financials: