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Why Aphria, Aurora Cannabis, and Cronos Group Sank in February

Why Aphria, Aurora Cannabis, and Cronos Group Sank in February

Concerns throughout the international supply string weighed on these top cooking pot stocks month that is last.

Exactly What took place

Canadian cannabis stocks had a dreadful February. High-profile names like Aphria (NYSE:APHA) , Aurora Cannabis (NYSE:ACB) , and Cronos Group (NASDAQ:CRON) each destroyed an astounding number of value month that is last. Aphria’s stocks dropped by 21.5per cent, Aurora’s stock dipped by 29.1per cent, and Cronos’ equity slipped by 18.5%, in accordance with information from S&P worldwide Market Intelligence.

Even though the broader areas additionally done rather badly in February, Aphria, Aurora, and Cronos all posted losings that have been far bigger than the main indexes last thirty days. In reality, these three cooking cooking pot shares had been a number of the worst performers within the healthcare that is entire in February.

Image supply: Getty Pictures.

What exactly

Just exactly What delivered investors operating for the exits? The top concern is the fact that COVID-19 disease will disrupt worldwide supply chains for the time that is long.