Billion-dollar cannabis companies on both sides of the border endured declining share values over the past five days of trading.
Investors in Canopy Growth, Cronos Group, Aurora Cannabis, Tilray, and Aphria can smoke a doobie to celebrate.
It’s been a wild ride for investors in three of Canada’s largest cannabis companies.
With the rapid rise in Tesla shares, CEO Elon Musk’s net worth vastly exceeds the market capitalization of Canada’s 10 largest cannabis companies.
The weed industry has been dogged by a lack of public enthusiasm for cannabis beverages and regulators’ unwillingness to embrace CBD
Among the big winners were Curaleaf Holdings, Canopy Growth Corporation, and Tilray
One of the hardest hit companies was Organigram Holdings, whereas Aphria shareholders fared much better
One of the hardest-hit was Charlotte’s Web Holdings Inc., which saw its share price fall by 17.1 percent between Monday and Friday.
CannCentral’s weekly look at Canadian cannabis stocks shows that some didn’t fare very well on Friday (June 19)