Cannabis ETF Manager Explains Why the Industry Is Falling Short of Expectations

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A sector that once delivered piles of green to its investors is now largely being drowned in red.

<p type= »text » content= »Canopy Growth (Canopy Growth has joined Tilray and a slate of other cannabis companies to recently deliver unexpectedly poor results or news to shareholders. The industry bellwether posted a significant miss of both top and bottom line estimates in its fiscal first quarter, with an eye-popping net loss of $1.28 billion ($961 million).<p type= »text » content= »Canopy Growth (“Canopy Growth is under a microscope, especially with its recent CEO departure,” Innovation Shares’ Matt Markiewicz told Yahoo Finance’s The Ticker. Markiewicz runs The Cannabis ETF (THCX) — the first “pure-play” cannabis ETF to trade on the New York Stock Exchange.<p type= »text » content= »Canopy Growth (Read more]]>
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