Why Aphria Stock Sank in March
Shares of Canadian pot giant Aphria (NYSE: APHA) lost 16.8% of their value in March, according to data from S&P Global Market Intelligence. The cannabis company's stock fell largely as a result of the marketwide downturn caused by the novel coronavirus.
On the bright side, Aphria's shares actually lost less ground in March than several of its chief competitors, including Aurora Cannabis, Canopy Growth, and Tilray. Specifically, Aurora's shares dropped 32%, Canopy plunged 23%, and Tilray plummeted 52%.
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Source Fool.com
