Licensed Producer Stock Prices Fall With Allard Announcement

After this morning’s landmark announcement that saw Justice Michael Phelan rule in favour of medical marijuana patients, government licensed producer stocks have taken a noticeable hit to their listings on the Toronto Stock Exchange.

As of this story, Canopy Growth Corporation prices dropped by 8.25 per cent, falling as low as $2.78 a share after starting the day as high as $3.35. Canopy includes Canadian cannabis manufacturing operations Bedrocan and Tweed.

Mettrum Health Corp suffered a smaller drop of 1.16 per cent, falling as low as $1.60, but only from a high of $1.88 a share.

Aphria Inc. reported drops of 8.53 per cent, from a high of $1.43, OrganiGram Holdings Inc tumbled 8.64 per cent to a low of $0.74 a share and Aurora Cannabis Inc is down 6.25 per cent.