October 23, 2018 / 3:25 PM / a year ago

BUZZ-Weed stocks fall on low credit rating view

** Shares of pot companies fall after credit rating agency DBRS says largest licensed producers in Canadian cannabis sector exhibit characteristics consistent with “low, non-investment-grade range”

** Canadian cannabis stocks fall for the second day in a row

** Shares in Canopy Growth Corp down 9.3 pct, Cronos Group Inc off 6.7 pct, Aurora Cannabis Inc down 15.8 pct, Aphria Inc down 8.4 pct, Hexo Corp down 13.8 pct

** Shares of U.S.-listed Tilray Inc down 11.3 percent

** Commentary based on lack of historical performance and consumer data for recreational cannabis; weed still a relatively small sub-sector in consumer products - DBRS

** Canada legalized recreational cannabis on Oct. 17 (Reporting by Debroop Roy in Bengaluru)

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