Business
Why the Creso Pharma (ASX:CPH) share price is tumbling 5% lower
The Creso Pharma Ltd (ASX: CPH) share price has been a poor performer on Monday.
At one stage today the cannabis company’s shares were down almost 5% to 20 cents.
The Creso Pharma share price has since recovered a touch but is still down 2.5% to 20.5 cents at the time of writing.
Why is the Creso Pharma share price sinking 5%?
Today’s decline appears to be in relation to an announcement out of Creso Pharma this morning.
According to the release, the company has brought the marketing and sales function of its cannaQIX product inhouse in Switzerland. Creso will be taking over from its commercial partner Doetsch Grether.
Management revealed that it made the move following a growing trend of direct inbound sales enquiries and…
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