October 23, 2018 / 5:15 PM / 8 months ago

BUZZ-Aurora Cannabis a downer in NYSE debut

** U.S.-listed shares of Aurora Cannabis Inc slide 7.4 pct on Tues as Canadian co makes its debut on New York Stock Exchange

** Cannabis stocks have tumbled since legalization of recreational use of the drug went into effect in Canada on Wed. On Mon, the stocks saw double-digit declines

** Earlier today the stocks fell as credit rating agency DBRS says largest licensed Canadian cos in industry fall under “low, non-investment-grade range”

** Aside from ACB, those stocks have since pared losses: Tilray Inc down 2.5 pct, U.S.-listed shares of Canopy Growth Corp down 0.1 pct. U.S.-listed shares of Cronos Group Inc last up 3.7 pct

** Still, cannabis-focused ETFMG Alternative Harvest ETF off 1.3 pct, on track for sixth straight session of declines

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below