Pot Stocks Tumble as Ontario Delays Rollout of Stores to 2019
- BI Canada Cannabis index falls to lowest since November
- Province will allow online sales Oct. 17, stores April 1
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Canadian pot stocks retreated Tuesday after the country’s largest province said it will delay the launch of bricks-and-mortar cannabis stores until six months after legalization.
Canopy Growth Corp. fell 5.7 percent, Aphria Inc. lost 5.3 percent and Aurora Cannabis Inc. slid 4.7 percent at 10 a.m. in Toronto. The BI Canada Cannabis Competitive Peers index fell 1.5 percent to the lowest since November, bringing its total loss this year to 44 percent.