Broader equity markets closed in the negative today, as the continued collapse in oil markets are hitting markets hard and crushing investor optimism for the second day in a row. All three main U.S. benchmark indices actually posted their worst days since the first of the month. So, with that said, out of hundreds of cannabis stocks out there, here are just 5 of the biggest losers in the markets on Tuesday, April 21st, 2020.
C21 Investments Inc. (OTC:CXXIF)
Today, OTC-listed shares of C21 Investments Inc. closed the trading day down at $0.2715 USD per share. When compared to the previous close of $0.2993 per share, today’s decrease of -$0.0277 per share represents an approximate -9.27% drop in price for shares of CXXIF. Nearly one month ago, C21 Investments’ President and CEO, Sonny Newman, issued an update to shareholders in response to COVID-19 stating that “C21′s business remains strong.”
Green Growth Brands Inc. (OTC:GGBXF)
Today, OTC-listed shares of Green Growth Brands Inc. closed the trading day down at $0.05 USD per share. When compared to the previous close of roughly $0.0551 per share, today’s decrease of -$0.0051 per share represents an approximate -9.26% drop in price for shares of GGBXF, making today the second day in a row on the losers list.
Helix TCS, Inc. (OTC:HLIX)
Today, shares of Helix TCS, Inc. closed the trading day down at $0.1217 USD per share. When compared to the previous close of $0.1329 per share, today’s decrease of -$0.0112 per share represents an approximate -8.43% drop in price for shares of HLIX. Most recently, Helix TCS released its fourth quarter and FY 2019 financials.
Sundial Growers Inc. (NASDAQ:SNDL)
Today, shares of Sundial Growers Inc. closed the trading day down at $0.54 USD per share. When compared to the previous close of $0.58 per share, today’s decrease of -$-0.04 per share represents a -6.90% drop in price for shares of SNDL. A little less than a week ago, Sundial Growers announced that the company’s senior lenders amended the terms of the March 30, 2020 waivers and agreements requiring completion of defined milestones by April 15, 2020 to now require completion of those milestones by April 30 , 2020. This deadline seems to be weighing on the company, and on the stock price.
Village Farms International, Inc. (NASDAQ:VFF)
Today, NASDAQ-listed shares of Village Farms International, Inc. closed the trading day down at $2.87 USD per share. When compared to the previous close of approximately $3.05 per share, today’s decrease of -$0.18 per share represents an estimated -5.90% drop in price for shares of VFF. Most recently, Village Farms International, Inc. announced its majority-owned joint venture, Pure Sunfarms, satisfied all pre-conditions and completed its previously announced expansion of its credit facility with its existing lender to $59 million CAD, including accordion provisions of $22.5 million CAD.
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