Cannabis Central: The Week That Was, Was Wonderful But...

Pot stocks declined relentlessly week after week in 2019 - declining 64.6% from their peaks in March/April by the end of the year. Said stocks, however, jumped 4.5%, on average, this past week. That is extremely refreshing news and hopefully is the harbinger of a ongoing turnaround in the marijuana space.

The table below from WeedStreet420 identifies the eight Canadian LPs (Licensed Producers) and nine American MSOs (Multi-State Operators) whose stocks increased by more than the average rate of return for the week, 12 other stocks with positive returns and a number of the also-rans.

The above table shows a solid upward trend in only a few stocks (e.g. VLNS, HARV, IAN, PLTH and TILT), however, so it remains to be seen if other companies can get their operations in order to benefit from this welcome positive trend.