It was not a dope day for cannabis stocks, where shares tumbled after weeks of gains.
Cronos Group Inc (NASDAQ:CRON, TSE:CRON) shares tumbled a whopping -28.41%, down to $9.12.
Earlier this week, shares jumped on the back of news that the company had reached a number of supply deals in Canada. Today, shares plummeted after a US short-seller raised concerns that the company may have withheld information for investors.
READ: Cronos Group comes under siege from short-seller Andrew Left's Citron Research; shares tumble
Shares of some of the largest publicly traded marijuana companies also dropped.
Shares of Canopy Growth Corporation (NYSE:CGC) were down 4.14% at $44.48.
In Toronto, Aurora Cannabis Inc (TSE:ACB:CA) shares dropped 3.09% at C$8.79.
In Canada, CROP Infrastructure Corp (CSE:CROP) announced it is going to open two CBD retail outlets in Italy, prompting shares to rise 3.70% at C$0.28.
READ: CROP Infrastructure set to open two CBD retail outlets in Italy
The North American Marijuana Index, a series of equally-weighted stock indices that track the leading cannabis stocks in the U.S. and Canada, reported that its North American Index was down 6.31% on Tuesday at $291.63.