The Hydroponics Company Ltd (ASX: THC) share price continued its poor run on Monday and sank to a 52-week low and its IPO price of 20 cents.
This meant that the diversified cannabis company's shares had lost half of their value in just six months.
Why are its shares lower?
While there was no single catalyst for its share price decline today, Hydroponics Company's shares have come under sustained selling pressure since the release of its half-year results in August.
Investors appear to have been disappointed that the update revealed revenues of just $323,000 and a loss of $728,000.
Not all pot stocks have fared so poorly during this time, though. During the same period the Cann Group Ltd (ASX: CAN) share price has risen over 136% thanks to positive developments including its first harvest and a supply agreement with CannaKorp to produce medicinal cannabis pods.
