Shares of Aphria (NYSE: APHA) were sinking 9.9% lower as of 3:37 p.m. EDT on Monday. The Canadian marijuana producer didn't report any news today. Instead, the stock appears to have fallen as investors anticipated news that's on the way: Aphria announces its fiscal 2020 first-quarter results on Tuesday.
Based on today's sell-off, it certainly looks like many investors expect Aphria to report disappointing Q1 results. Why would there be such pessimism?
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Source Fool.com