Marijuana Stocks Continued To Tank Last Week But These 9 Bucked The Trend

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The cannabis sector continued to tank across the board last week (-5%) on the heels of a -6% performance the previous week with only 4 Canadian Licensed Producers (LPs) and 5 American Multi-States Operators (MSOs) showing positive returns. Here are the stocks in question and the reasons for their "outstanding" performances:

Source

As you can see from the table above only 4 Canadian pot stocks were in the black last week with the 2 best performers being:

1. The Green Organic Dutchman Holdings (TSX:TGOD; OTCQX:TGODF), going up appreciably (+8%) due to: 
   • a recently inked agreement for increased funding totaling up to $103 million. (For more information visit the company’s website at www.TGOD.ca) and
2. Delta 9 Cannabis Inc. (TSX:DN; OTCQX:VRNDF) going up slightly (2%) due to:
   • it receiving an updated processing license from Health Canada authorizing it to sell cannabis extracts, cannabis topicals, and edible cannabis products effective on January 5, 2020. ( For more information visit www.delta9.ca.)

The American segment of the cannabis industry had 5 companies showing considerable increases in their share prices with the top 3 performers being, namely:

1. Liberty Health Sciences Inc. (CSE:LHS; OTCQX:LHSIF) +17%
   • stock responded positively to its Q2 financial report which showed:
     • the largest sales revenue quarter in the company's history. (For more information visit: www.libertyhealthsciences.com)
2. 4Front Ventures Corp. (CSE: FFNT; OTCQX:FFNTF) +13%
   • stock responded positively to its Q3 financial report which conveyed:
     • a 20% increase in its pro forma revenue over the previous quarter and
     • forward guidance of adjusted EBITDA of $10-15M in FY2020 and $45-50M in FY2021 (For more information visit https://4frontventures.com/investors.)
3. C21 Investments Inc. (CSE:CXXI; OTC:CXXIF) +10%
   • stock responded positively to the fact that the company had reached an agreement to restructure payments for the $21.8 million balance remaining on its secured promissory note to maintain positive cash flow and position it for future growth. (For more information visit www.cxxi.ca.)