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As I mentioned in yesterday's article (see here) on the performance of the largest American vertically integrated (i.e. seed-to-sale) cannabis multi-state operators (MSOs), it has been more than a month since Trump said his administration was looking at moving cannabis from Schedule I to Schedule III and would make a determination over the next few weeks. Such has not happened as "promised", however, leading to a 12.4% crash in the MSO category this week and a 9.4% crash in the largest Canadian cannabis licensed producers (LPs) category.
Canadian Cannabis LP Stocks Portfolio
Below are how the 5 constituents in our Canadian Cannabis LP Stocks Portfolio performed this week in ascending order, and a chart showing how the Portfolio has performed over various time periods:
- Canopy Growth (CGC): DOWN 18.9%
- Tilray Brands (TLRY): DOWN 13.8%
- Aurora Cannabis (ACB): DOWN 9.6%
- Organigram Global (OGI): DOWN 4.6%
- Cronos Group (CRON): DOWN 3.5%
Summary
The above stocks were DOWN 9.4%, on average, this week.
The above portfolio chart has been generated using the tools provided by PortfoliosLab.com and easy step-by-step instructions are available here to help you create a chart of your own portfolio or that of a client. Its easy, fast and free.
Conclusion
LP stocks didn’t collapse this week because of new bad news - they fell because the good news never came - and the market couldn’t sustain the August optimism which sent the 5 largest LP stocks 38% higher.
More By This Author:
Largest Cannabis MSOs Have Crashed; Down +12% This Week
The 6 AI Semiconductor Segment Stocks Were Up 3%, On Average, In August - Here's Why
Fabless Semiconductor Stock, MPWR, Was Up 17.5% In August - Here's Why
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