Shares of Canopy Growth (NYSE: CGC) were sinking 12.3% as of 11:11 a.m. EDT on Thursday. The Canadian cannabis producer announced its fiscal 2020 first-quarter results after the market closed on Wednesday. And those results were ugly.
Interesting article about Canopy Growth and why it is getting sold off hard today. I never owned this one, but it's taking down the whole cannabis market right now. It's ugly out there to say the least. I've been selling the out of the money covered calls for income, I should have been selling the in the money covered calls. :(
Read the full story here....
https://finance.yahoo.com/news/why-canopy-growth-stock-sinking-154200858.html
