Investors/speculators who have bought Canadian Licensed Producer (LP) cannabis stocks this year have seen their holdings decline 5.2%, on average, this week (down 45% YTD), as represented by munKNEE's Canadian Cannabis LP Stocks Index. A further sell-off over the next 2 weeks is a distinct possibility as investors sell their losers (called tax-loss selling) so they can offset their gains from other investments.
Below are the performances of the 5 largest Canadian cannabis LPs this week, in descending order, and YTD:
- Tilray Brands (TLRY): up 7.8%; down 22.8% YTD
- Organigram Holdings (OGI): No Change; down 57.4% YTD
- Aurora Cannabis (ACB): down 7.7%; down 46.1% YTD
- Cronos Group (CRON): down 8.1%; down 23.4% YTD
- Canopy Growth (CGC): down 35.0%; down 77.1% YTD
In Summary
The munKNEE Canadian Cannabis LPs Index went down 5.2% this week and is now down 44.9% YTD.
More By This Author:
These 6 AI-Capable PC Stocks Should Rise Considerably In 2024/25
Get Invested Now: AI-Enabled PCs Are Coming In 2024
These 10 Large-Cap AI Stocks Continue In Bubble Mode
.webp)
Comments
Log in or sign up to join the conversation.