5 Largest Cannabis LP Stocks Down 6% MTD

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The 5 largest stocks as tracked in munKNEE's Canadian Cannabis LP Stocks Index were down 65.0%, on average, in 2023 on top of a 71% decline in 2022 and a 61% decline in 2021 and, if the first three weeks of 2024 are any indication, 2024 could be a continuation of that trend.

Below are last week's performances of these 5 LPs this week, in descending order, and MTD along with the number of Wall Street analysts following said stocks and their consensus Buy/Hold/Sell ratings for each and any recent news, commentary and/or analysis on each company.

Organigram Holdings (OGI): UP 10.1% last week; UP 42.0% MTD
- # Analysts Following Stock: 1
- Consensus Rating: STRONG BUY
- Latest News, Commentary and/or Analysis:
  - Organigram Announces Shareholder Approval of C$124.6 Million Investment from BAT
Tilray Brands (TLRY): UP 7.0% last week; DOWN 13.0% MTD
- # Analysts Following Stock: 2
- Consensus Rating: BUY
- Latest News, Commentary and/or Analysis:
  - Tilray Brands Just Posted Record Revenue, but Here's Why Investors Aren't Impressed
Cronos Group (CRON): UP 0.5% last week; DOWN 4.3% MTD
- # Analysts Following Stock: 2
- Consensus Rating: SELL
- Latest News, Commentary and/or Analysis:
  - None
Canopy Growth (CGC): DOWN 4.8% last week; DOWN 14.5% MTD
- # Analysts Following Stock: 4
- Consensus Rating: SELL
- Latest News, Commentary and/or Analysis:
  - Canopy Growth Announces Upsized US$35 Million Private Placement
Aurora Cannabis (ACB): DOWN 10.9% last week; DOWN 14.6% MTD
- # Analysts Following Stock: 2
- Consensus Rating: HOLD
- Latest News, Commentary and/or Analysis:
  - 3 Pot Stocks to Avoid Like the Plague in 2024