Shares of several cannabis companies such as Canopy Growth Corporation CGC, Tilray, Inc. TLRY and Cronos Group Inc. CRON are trading lower following fourth-quarter earnings results from Aurora Cannabis Inc. ACB, which reported a decline in sales from the prior year and provided a soft outlook.
See Also: Aurora Cannabis Stock Plunges 18% After Q4 Earnings Call
Aurora's stock was trading down 24.6% at $5.52 per share on Wednesday at the time of publication. The company has a 52-week high of $59.04 and a 52-week low of $5.30.
Canopy Growth's stock was trading down 6.61% at $14.98. The company has a 52-week high of $25.97 and a 52-week low of $9.
Tilray's stock was trading down 9.31% at $4.87. The company has a 52-week high of $27.24 and a 52-week low of $2.43.
Cronos' stock was trading down 4.8% at $5.05. The company has a 52-week high of $10.56 and a 52-week low of $4.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Cannabis is evolving – don’t get left behind!
Curious about what’s next for the industry and how to leverage California’s unique market?
Join top executives, policymakers, and investors at the Benzinga Cannabis Market Spotlight in Anaheim, CA, at the House of Blues on November 12. Dive deep into the latest strategies, investment trends, and brand insights that are shaping the future of cannabis!
Get your tickets now to secure your spot and avoid last-minute price hikes.