The Canadian Cannabis Report - Monday, Apr. 5
TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.
For the trading week ended April 2, my proprietary Canadian Cannabis Company Index (MCCCI) was statistically unchanged compared to the prior week when it decreased by 7.6%.
The index consists of 25 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that I consider to be a reliable barometer of the Canadian cannabis sector. MCCCIs differentiated business model is both weighted and market capitalization based because I believe that this approach best represents the current landscape of the Canadian cannabis sector. Now let us look at this week’s good, bad, and ugly stocks, shall we?
The Good
There were 2 stocks that increased by more than 10%, which is my metric for inclusion in this category: VLNCF +14.5% and CBWTF +12.7%. The Valens Company Inc. is a repeater from last week’s “good” list and has gained more than 60% over the past month.
The Bad
There was 1 stock that decreased by more than 10% (but less than 20%) which is my metric for inclusion in this category: WDDMF -17.3%. WeedMD Inc. has decreased by more than 45% in the last month after spiking sharply earlier in 2021.
The Ugly
There were no stocks that decreased by 20% or more, which is my metric for inclusion in this category. There was no change in the “Big Four” compared to last week when there was a decrease of 7.4%.