Most Major Canadian Cannabis LPs Were UP This Week

The munKNEE Canadian Cannabis LPs Index consists of the 5 largest pure-play vertically integrated (i.e. seed-to-sale) Canadian Licensed Producers (LPs). Below are the performances of its constituents for this week, in descending order, since the end of August (i.e. 5 weeks), and so far this year (YTD). Go here for the latest in analysis and commentary on each of the companies.

  1. Tilray (TLRY): UP 14.9% this week; DOWN 6.7% in last 5 weeks; DOWN 54.9% YTD
    • Anheuser-Busch (BUD) has a $100 million joint venture with Tilray.
  2. Organigram (OGI): UP 6.8% this week; DOWN 8.7% in last 5 weeks; DOWN 46.3% YTD
    • British American Tobacco (BTI) has a C$221M investment and product development partnership with Organigram.
  3. Canopy Growth (CGC): UP 2.2% this week; DOWN 19.4% in last 5 weeks; DOWN 68.0% YTD
    • Constellation Brands (STZ) has a 39% stake in Canopy Growth.
  4. Cronos (CRON): UP 0.7% this week; DOWN 4.4% in last 5 weeks; DOWN 27.6% YTD
    • The Altria Group (MO) has a 45% stake in Cronos.
  5. Aurora (ACB): DOWN 5.7% this week; DOWN 23.2% in last 5 weeks; DOWN 78.6% YTD

In total, the munKNEE Canadian Cannabis LPs Index was UP 0.5% this week, is DOWN 11.6% in the past 5 weeks and is now DOWN 59.4% YTD.

As I mentioned in my recent article on marijuana ETFs (see here), if you are interested in investing in the Canadian LP category the ETFs with the largest percentage of such stocks is the Global X Cannabis ETF (POTX) which, for comparison purposes, was UP 5.0% this week, is DOWN 10.8% in the last 5 weeks and is DOWN 58.8% YTD.)

If you believe that the category has more or less bottomed and is setting the stage to surge upwards then you might want to consider investing in one of the bull ETFs mentioned below::

  1. ETFMG 2x Daily Bull Alternative Harvest ETF (MJXL)
  2. Horizons 2x Bull Marijuana Companies ETF (HMJU)

Conversely, if you think the category is going to decline further you might want to consider investing in one of the following inversely leveraged ETFs:

  1. ETFMG 2x Daily Inverse Alternative Harvest ETF (MJIN)
  2. BetaPro 2x Inverse Canadian Marijuana Companies ETF (HMJI)

More By This Author:

Only 2 American Cannabis MSOs Are NOT At High Risk Of Bankruptcy
Psychedelic Drug Stocks Index Up Slightly This Week
Decline In Plant-Based Food Stocks Index Slowed This Week

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