My Canadian Cannabis Company Index (MCCCI) 2020 Report

MACRO

My MCCCI decreased 21% in 2020 YTD, which was better than the sentiment that I expressed regarding my 2020 industry outlook on 10/27/19. Given that 3 of the “Big Four” rebounded pricewise in 2020, and the passage of legislation favorable to the sector, I am considerably less pessimistic for 2021.

SHWZ (formerly MDCL) which I’ve been negative about since  10/27/19 and which I referenced in my mid-year report here, decreased another 5.8% and closed 2020 at $1.49. The stock is down 57.3% since my article. It is based in CO.

MICRO

The best performing stocks in the portfolio were TRSSF +397% and ROMJF + 99%. Among the worst performing MCCCI stocks were FLWPF -94%, MEDIF -89% and ACB -60%. Aurora Cannabis Inc. is a “Big Four” MCCCI stock, with a very active trading history and considerable option activity.

RECAP

Only 4 of the 25 stocks in my MCCCI increased in 2020 which acquits my 2020 industry outlook of 10/27/19. Given that 3 of these 4 stocks are among the highest 5 capitalization MCCCI stocks, I believe that the “Big Four” will have an increased influence on the overall portfolio performance in 2021.