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Why Canopy Growth Stock Crashed Today

TheMotleyFool

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Canadian cannabis company Canopy Growth (NASDAQ: CGC) harshed marijuana sector investors' buzz Friday when it reported weaker than expected revenue growth in its fiscal 2022 second quarter, though it lost less money than Wall Street had forecast.

As of 1:45 p.m. EDT, shares of Canopy Growth were down 14.3%, and the negative sentiment dragged on its peer pot stocks as well; Aurora Cannabis (NASDAQ: ACB) was off by 5.8%, and Tilray (NASDAQ: TLRY) was down 5.5%.

Image source: Getty Images.

Source Fool.com

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