Cannabis LPs This Week: Canopy Growth Plummets, Organigram Surges

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In my last update on the performance of the 5 largest stocks as tracked in munKNEE's Canadian Cannabis LP Stocks Index, I mentioned that the Index was down 65% in 2023 on top of a 71% decline in 2022 and a 61% decline in 2021 and that if the first three weeks of 2024 were any indication, 2024 could be a continuation of that trend. Unfortunately, that seems to be the case, as the Index is now down 4.2% YTD.

Below are this past week's performances of the 5 LPs, in descending order, and YTD, along with any recent  news, commentary and/or analysis on each company.

1. Organigram Holdings (OGI): up 25.6% this week; up 74.0% YTD
   • Latest News, Commentary and/or Analysis:
     • Organigram Completes First Shipment to Germany, Extending its International Reach
2. Aurora Cannabis (ACB): up 10.3% this week; down 10.4% YTD
   • Latest News, Commentary and/or Analysis:
     • Aurora Cannabis Announces Fiscal 2024 Third Quarter Results; Generates Record Adjusted EBITDA of $4.3 Million
3. Cronos Group (CRON): up 5.7% this week; down 5.7% YTD
   • Latest News, Commentary and/or Analysis:
     • Public companies own 41% of Cronos Group, Retail investors own 44%
4. Tilray Brands (TLRY): No Change this week; down 18.3% YTD
   • Latest News, Commentary and/or Analysis:
     • Tilray Brands Shareholders Are (Still) Waiting for This 1 Huge Catalyst. Will It Arrive in 2024?
5. Canopy Growth (CGC): down 13.4% this week; down 21.3% YTD
   • Latest News, Commentary and/or Analysis:
     • Canopy Growth posts mixed Q3 earnings

In Summary

The munKNEE Canadian Cannabis LPs Index was unchanged this week and is down 4.2% YTD.

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