Author: Sushree Mohanty
Sushree Mohanty first joined Market Realist in 2015. She covered macroeconomics, consumer stocks, and the real estate sector. Currently, Sushree covers the cannabis industry. She has a bachelor's degree in business management, specializing in finance, and is a CFA Level 2 candidate. Sushree also has four years of work experience in retail and operations management.
Charlotte's Web Holdings stock (CWBHF)(CWEB) was down 6.6% yesterday after the company reported lower-than-expected Q2 earning results.
Canopy Growth’s weak results weighed on the entire cannabis sector. Most of the cannabis stocks were in the red on Thursday.
Aurora Cannabis (ACB) announced that it's increasing its secured credit facility to 360 million Canadian dollars from $200 million Canadian dollars.
Canopy Growth (CGC) (WEED) is scheduled to announce its results for the first quarter of fiscal 2020 after the market closes on Wednesday.
It looks like cannabis stocks had a great day. Innovative Industrial Properties (IIPR), Cronos Group (CRON), and Tilray (TLRY) are all surging today.