Why Cannabis Stocks Are Trading Lower Today

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.

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