Cannabis stocks have been sliding over the last two weeks despite experiencing substantial gains in mid-April. The North American marijuana index, which tracks the leading cannabis stocks operating in the United States and Canada, declined slightly on Thursday – extending the bear run to the two weeks low of 243 points.
The North American Marijuana Index has been declining since it had hit an all-time high of 363 points early in the year. Although the forecast for sales growth is robust, analyst’s downgrades on higher valuation concerns impacted trader sentiments.
Terra Tech Corp share price lost 60% of its value since the start of this year. Terra Tech shares currently trade around $2.68 – with the 52-week range of $0.14 – $5.74 per share.