Are marijuana stocks a good buy amid the coronavirus pandemic? The marijuana industry gets lots of hype, but pot stocks have poor fundamentals and technicals.
“Aurora grows more stuff that people don’t want than they grow stuff people want,” analyst Bill Kirk wrote.
Shares are down 79% in 2020. Rivals also fell on the news, with Canopy Growth (NYSE:CGC) down 10%, Aphria (NASDAQ:APHA) lower by 3% and Cronos decreasing by almost 6%.