Shares of Aurora Cannabis (NYSE: ACB) lost nearly 20% of their value in April, even as the S&P 500 gained more than 12%. Ontario, Canada's most populous province, forced marijuana dispensaries to close on April 4 as part of its efforts to stem the spread of COVID-19, the disease caused by the novel coronavirus. The situation worsened what had already been a shortage of cannabis retail outlets in Canada, which has resulted in supply overages for major marijuana producers like Aurora. Read More...
Why Aurora Cannabis Stock Plunged 18% in April
Shares of Aurora Cannabis (NYSE: ACB) lost nearly 20% of their value in April, even as the S&P 500 gained more than 12%. Ontario, Canada’s most populous province, forced marijuana dispensaries to close on April 4 as part of its efforts to stem the spread of COVID-19, the disease caused by the novel coronavirus. The situation worsened what had already been a shortage of cannabis retail outlets in Canada, which has resulted in supply overages for major marijuana producers like Aurora.
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