Canadian Cannabis LPs Continue To Implode: Down 7.5% This Week

The general market weakness dragged the largest Canadian Licensed Cannabis Producers (as tracked in our Canadian Pure-play LP Pot Stock Index) down 7.5% this week. Here are the details.

The Canadian Pure-play LP Pot Stock Index

The Canadian Pot Stock Index consists of the 5 largest pure-play, vertically integrated Licensed Producers whose stocks trade for at least US$1/share, have a market cap of at least US$300M, and trade on one or more of the Canadian and/or American stock exchanges.

Below is how the 5 constituents performed this week, in the 5 weeks since the end of April and YTD, in descending order:

1. Organigram (OGI): DOWN 2.6% this week; -20.6% since the end of April; -36.0% YTD
   • Chance of Financial Distress in the next 2 years: less than 1%
   • Analyst Consensus: 17 stock analysts currently rate OGI as a BUY
   • Recent Analysis/Commentary: Go here
2. Cronos (CRON): DOWN 4.6%; -3.6% since the end of April; -25.8% YTD
   • Chance of Financial Distress in the next 2 years: less than 1%
   • Analyst Consensus: 20 stock analysts currently rate CRON as a SELL
   • Recent Analysis/Commentary: Go here
3. Aurora (ACB): DOWN 4.8%;  -47.2% since the end of April; -70.4% YTD
   • Chance of Financial Distress in the next 2 years: 49%
   • Analyst Consensus: 18 stock analysts currently rate ACB as a SELL
   • Recent Analysis/Commentary: Go here
4. Tilray (TLRY): DOWN 7.5%; -15.5% since the end of April; -40.1% YTD
   • Chance of Financial Distress in the next 2 years: +67%
   • Analyst Consensus: 26 stock analysts currently rate TLRY as a HOLD
   • Recent Analysis/Commentary: Go here
5. Canopy Growth (CGC): DOWN 11.3%; -24.2% since the end of April; -70.4% YTD
   • Chance of Financial Distress in the next 2 years: +67%
   • Analyst Consensus: 26 stock analysts currently rate CGC as a SELL
   • Recent Analysis/Commentary: Go here

The Canadian Pure-play LP Pot Stock Index was DOWN 7.5% this week and is now DOWN 21.9% since the end of April and DOWN 47.2% YTD. 

See also American Cannabis MSOs Stabilized This Week But Still -45% YTD