Cannabis Stocks Take a Hit – The Wall Street Journal

The pot stocks just can’t seem to get out of bed.

Cronos Group announced Monday that it would delay filing a required annual report with the Securities and Exchange Commission. The company said in a press release it was unable to complete its financial statements for fiscal 2019, pending a review by the board’s audit committee of “several bulk resin purchases and sales of products through the wholesale channel and the appropriateness of the recognition of revenue from those transactions.”

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