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Source: Common Domain

Cannabis stocks lower after Green Organic Dutchman’s earnings disappoint

Wednesday 17:17 GMT

Cannabis stocks moved lower Wednesday, as investors scrutinized earnings from Green Organic Dutchman Holdings Ltd. and awaited a U.S. congressional committee vote next week on protecting banks that serve the sector.

Green Organic Dutchman TGODF, -5.33% TGOD, -4.93%  posted 2018 earnings late Tuesday that showed its first revenue ever alongside wider losses. The Ontario-based company said it had revenue of C$1.9 million ($1.4 million) that was booked in the fourth quarter, following the acquisition of HemPoland on Oct. 1 and full legalization of cannabis in Canada on Oct. 17.

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