Why Aurora Cannabis, HEXO, and Tilray Stocks Just CrashedPosted by On

What happened

Wednesday arrived with a rush of news for investors in the cannabis industry — little of it good. In rapid succession, marijuana producer Aurora Cannabis (NYSE:ACB) first saw its price target raised, then announced a big issuance and sale of stock, and then got its price target cut (along with its stock rating). Soon after, rival cannabis company Tilray (NASDAQ:TLRY) was also downgraded. And, as bad news continued to flood the industry, tiny HEXO (NYSE:HEXO) found it impossible to fight the tide.

Result: As of 10 a.m. EST, all three stocks are down significantly — Hexo shares by 4.4%, Tilray by 9.6%, and Aurora Cannabis worst of all — a staggering 20.1% loss.

Three red arrows going down and crashing through the floor

Image source: Getty Images.

So what

Most of today’s news concerns Aurora Cannabis, so let’s begin with that one — and we’ll…

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AuroracannabiscrashedHexostockstilray

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