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Why Shares of Aurora Cannabis, OrganiGram, and Charlotte's Web All Declined Today

Why Shares of Aurora Cannabis, OrganiGram, and Charlotte's Web All Declined Today

As of noon EDT, shares of Aurora Cannabis (NYSE: ACB) were trading 4% lower, OrganiGram Holdings (NASDAQ: OGI) was down 4.3%, and Charlotte's Web (OTC: CWBHF) was off 4%. In a veritable tic-tac-toe of bad news, three analysts in a row have cut their price targets on Charlotte's Web, a producer of hemp-derived cannabidiol (CBD) wellness products. There are few details on the reasons for the cuts in price targets.