OGI - Canadian cannabis producers down following Aurora bought deal Canopy Growth earnings

Canadian licensed producers are struggling in Friday trading following Aurora Cannabis' (NASDAQ:ACB) $150M bought deal financing and Canopy Growth Corp's (NASDAQ:CGC) quarterly results. The worse of the bunch (after Aurora, down ~37%) is Canopy Growth (CGC) which is off 13%. However, Canopy's decline is impacted by the company's fiscal 2022 Q4 results which were disappointing. Tilray (NASDAQ:TLRY), Canada's largest cannabis company based on market cap, is down 2%. Other Canadian LPs: HEXO (HEXO) -5%; Cronos Group (NASDAQ:CRON) -1%; OrganiGram Holdings (OGI) -3%; TerrAscend (OTCQX:TRSSF) -5%. Check out why Seeking Alpha contributor Cannabis Growth Investor sees Canopy Growth (CGC) as a buy.

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Canadian cannabis producers down following Aurora bought deal, Canopy Growth earnings