Largest Cannabis LPs Down 5% This Week

Image Source: Pixabay

The 5 largest licensed producers (LPs) in our munKNEE Canadian Cannabis LPs Index are ranked below in descending order as to their performances this week and year-to-date (YTD).

1. Tilray (TLRY): UP 0.6% this week; DOWN 37.52% YTD
   • Latest Market Capitalization: $1,090M
   • Stock Price: $1.67
   • Current short interest: 11.3% - 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.
   • Read this article on the future of Tilray
2. Canopy Growth (CGC): No Change this week; DOWN 83.3% YTD
   • Latest Market Capitalization: $283M
   • Stock Price: $0.38
   • Latest News:  STORZ & BICKEL GmbH, a subsidiary of Canopy Growth, yesterday announced the certification of its premium medically certified cannabis vaporizers in accordance with the new EU Medical Device Regulations
3. Cronos (CRON): DOWN 3.7% this week; DOWN 27.0% YTD
   • Latest Market Capitalization: $709M
   • Stock Price: $1.84
4. Aurora (ACB): DOWN 5.7% this week; DOWN 43.8% YTD
   • Latest Market Capitalization: $189M
   • Stock Price: $0.50
5. OrganiGram (OGI): DOWN 14.1% this week; DOWN 57.1% YTD
   • Latest Market Capitalization: $108M
   • Stock Price: $1.34
   • Read this article on the possible implications of OGI's reverse stock split of 1 for 4 on July 6

Summary

Our Canadian Cannabis LPs Index is DOWN 5.1% this week and is now DOWN 50.0% YTD. 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 is DOWN 6.4% this week and is now DOWN 44.7% YTD.

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