Largest Canadian Cannabis Stocks Now Trading At 52-Week Lows

The largest Canadian Licensed Cannabis Producers (as tracked in our Canadian Pure-play LP Pot Stock Index) fell 20.3%, on average, in the past two weeks to their 52-week lows and are now -54.5% YTD. 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 (average market cap of $951.3M) whose stocks trade for at least US$1/share (average share price was $2,44) and trade on one or more of the Canadian and/or American stock exchanges.

Below is how the 5 constituents performed during the 2 weeks of June ending  yesterday and YTD, in descending order:

1. Organigram (OGI): DOWN 9.5%; -40.0% 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 10.5%; -30.4% 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 16.9%; -74.1% 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. Canopy Growth (CGC): DOWN 25.2%; -58.2% 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
5. Tilray (TLRY): DOWN 25.7%; -51.9% 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

The Canadian Pure-play LP Pot Stock Index has dropped by 20.3% in the last two weeks and is now DOWN 54.5% YTD.