Shares of cannabis stocks are trading lower in sympathy with Canopy Growth, which reported worse-than-expected Q4 financial results.
Portfolio Pulse from Bill Haddad
Cannabis stocks are trading lower following Canopy Growth's worse-than-expected Q4 financial results.
June 23, 2023 | 7:16 pm
News sentiment analysis
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NEGATIVE IMPACT
Aurora Cannabis is trading lower in sympathy with Canopy Growth's poor Q4 results.
Aurora Cannabis is trading lower due to the negative sentiment surrounding Canopy Growth's worse-than-expected Q4 financial results, which is affecting the entire cannabis sector.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Canopy Growth's poor Q4 results are causing a decline in cannabis stocks.
Canopy Growth's worse-than-expected Q4 financial results have led to a decline in the stock price, which is causing a negative impact on other cannabis stocks.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Cronos Group's stock is trading lower in sympathy with Canopy Growth's disappointing Q4 results.
Cronos Group is experiencing a decline in stock price due to the negative sentiment caused by Canopy Growth's worse-than-expected Q4 financial results, which is affecting the cannabis sector.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
GrowGeneration's stock is trading lower in sympathy with Canopy Growth's poor Q4 results.
GrowGeneration is trading lower due to the negative sentiment surrounding Canopy Growth's worse-than-expected Q4 financial results, which is affecting the entire cannabis sector.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Sundial Growers' stock is trading lower in sympathy with Canopy Growth's disappointing Q4 results.
Sundial Growers is experiencing a decline in stock price due to the negative sentiment caused by Canopy Growth's worse-than-expected Q4 financial results, which is affecting the cannabis sector.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Tilray's stock is trading lower in sympathy with Canopy Growth's poor Q4 results.
Tilray is trading lower due to the negative sentiment surrounding Canopy Growth's worse-than-expected Q4 financial results, which is affecting the entire cannabis sector.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80