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 stock performances last week and so far during the month of August:

1.  OrganiGram (OGI): UP 18.0% last week; UP 7.5% so far in August
   • current market capitalization: $122M
   • current price/share: $1.57
   • Read: Organigram to Enter the United Kingdom with Agreement to Supply Medical Cannabis to 4C LABS
2. Canopy Growth (CGC): UP 15.0% last week; DOWN 2.1% so far in August
   • ​​​current market capitalization: $328M
   • current price/share: $0.46
   • Read: Canopy Growth Enters into an Agreement for the Sale of Hershey Drive Facility in Smiths Falls
3. Cronos (CRON): UP 7.5% last week; UP 1.1% so far in August 
   • current market capitalization: $695M
   • current price/share: $1.86
   • Read: Could Cronos Make You a Millionaire?
4. Tilray (TLRY): UP 0.8% last week; UP 16.3% so far in August
   • current market capitalization: $1.586B
   • current price/share: $2.64
   • current short interest: 12.1% - 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: 3 Cannabis Stocks That Will Explode in 2024
5. Aurora (ACB): DOWN 3.8% last week; DOWN 3.8% so far in August
   • current market capitalization: $189M
   • current price/share: $0.51
   • Read: Aurora Cannabis Announces Fiscal 2024 First Quarter Results, and Delivers Record Positive Adjusted EBITDA

Summary

While the munKNEE Canadian Cannabis LPs Index was UP 6.5% last week and is now UP 7.2% so far in August, the 7 constituents in the munKNEE American Cannabis MSOs Index were, on average, DOWN 7.1% last week and are DOWN 14.8% so far in August.

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 was DOWN 0.9% last week conveying significant weakness in the smaller cap LPs but is UP 0.6.% so far in August.

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