wildpixel/iStock via Getty Images
- Canadian licensed producers Aurora Cannabis (NASDAQ:ACB) -6%, HEXO (NASDAQ:HEXO) -4%, and OrganiGram Holdings (OGI) -3% all hit 52-week lows as the downturn for cannabis companies shows no sign of letting up.
- The situation isn't any better for other Canadian LPs, such as Tilray Brands (NASDAQ:TLRY) and Cronos Group (NASDAQ:CRON) that are also sitting near 52-week lows.
- Year to date, the New Cannabis Ventures Canadian Cannabis LP Index is down 41%.
- Read why Seeking Alpha contributor Dilantha De Silva says that Aurora Cannabis (ACB) is a hold.