Why Aphria and Tilray Stocks Are Falling Today
Shares of Aphria (NASDAQ: APHA) were falling 5.5% lower as of 10:28 a.m. EST on Wednesday after sinking as much as 12.6% earlier in the day. Tilray (NASDAQ: TLRY) stock was down 9.6% after tumbling 11.5% earlier.
Neither Canadian cannabis producer reported any news. These declines are likely due to investors' anxiety about Tilray's fourth-quarter update scheduled for after the market close today. Aphria's and Tilray's fortunes have been intertwined since the companies announced in December that they plan to merge.
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Source Fool.com
