ACB - Why Canopy Growth Aurora Cannabis and Cresco Labs Stocks Sank Today
2023-09-13 12:57:00 ET
Pop!
Might that great sucking sound, that we just heard, the noise of the marijuana stock bubble finally popping? After two full weeks of incredible gains, shares of two of the best known pot stocks, Canopy Growth (NASDAQ: CGC) -- up 194% from Aug. 30 through last night's close -- and Aurora Cannabis (NASDAQ: ACB) -- up 106% -- are taking dramatic tumbles Wednesday morning, down 15.7% and 21.9%, respectively, through 10:35 a.m. ET. And cannabis producer Cresco Labs (OTC: CRLBF) , up a similarly astounding 91% through last night, is giving back 6.2%.
The question is why?
For further details see:
Why Canopy Growth, Aurora Cannabis, and Cresco Labs Stocks Sank Today