Weekly Cannabis Stock News: Canopy Growth Saves the Marijuana Industry
Last week was a study in contrasts for publicly traded marijuana stocks. Two 300-pound gorillas of the industry, Aurora Cannabis (NYSE: ACB) and Canopy Growth (NYSE: CGC), both reported their latest quarterly results. Although the pair's bottom lines bettered analyst estimates, there was a world of difference between their performances.
In short, Aurora's quarter deepened pessimism about the prospects of marijuana companies generally. A day later, Canopy Growth's report brought the bulls roaring back into the sector, and peer weed stocks rose in sympathy. Here's more:
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Source Fool.com
