Canadian Cannabis LPs Index Advanced This Week

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The 5 largest licensed producers (LPs) in our munKNEE Canadian Cannabis LPs Index are ranked below as to their stock performances this week and YTD:

1. Canopy Growth (CGC): up 23.0% this week; down 94.5% YTD
   • Eight Capital analyst Ty Collin has given Canopy a $0 price target after pointing out the company's poor cash position and the difficulty it will have in getting more funding.
   • CGC has been a penny stock since May 25.
2. Tilray (TLRY): up 2.1% this week; down 76.4% YTD
   • current short interest: 11.6% - A high short interest signals that investors have become more bearish and may be getting ready to sell and, as such, that it may be time to liquidate a long position.
3. Aurora (ACB): up 3.8% this week; down 89.8% YTD
   • The stock has been on a downhill slide since February, which is also when it dropped below $1. The price has been volatile lately, but remember not to get too excited by percentages when the amounts are so small.
4. OrganiGram (OGI): up 2.6% this week; down 48.7% YTD
   • has completed its consolidation of four (4) pre-consolidation common shares for every one (1) post-consolidation common share 
5. Cronos (CRON): up 1.5% this week; down 48.7% YTD
   •  has received a number of unsolicited indications of interest from potential buyers which are under review.

Summary

Our Canadian Cannabis LPs Index was up 4.3% this week but is still down 45.2% YTD, as compared to the the 7 constituents in the munKNEE American Cannabis MSOs Index which were, on average, up 13.5% this week though still down 8.8% YTD. OGI and CRON seem to have pulled out of the June slump and are looking healthiest of the bunch.

The Global X Cannabis ETF (POTX) consists of the above 5 highlighted Canadian stocks plus another 12 cannabis or cannabis-related (i.e. auxiliary) stocks. It was down 3.4% this week and is down 40.7% YTD.

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