Canadian LP Cannabis Stocks Jumped 13% This Week Off A 52-Week Low
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The Canadian Pure-Play LP Pot Stock Index rebounded 13.1% this week after having bottomed to a 52-week low the previous week and is now only down 51.3% YTD.
The Index consists of the 5 largest pure-play, vertically integrated LPs with market capitalizations of $300M or more whose stocks trade for US$1/share or more and trade on one or more of the Canadian and/or American stock exchanges.
Below is how the 5 constituents performed this week and YTD, in descending order:
- Aurora (ACB): UP 18.6%; DOWN 71.7% YTD
- Tilray (TLRY): UP 12.8%; DOWN 48.6% YTD
- Organigram (OGI): UP 12.8%; DOWN 39.4% YTD
- Cronos (CRON): UP 12.7%; DOWN 20.7% YTD
- Canopy Growth (CGC): UP 11.9%; DOWN 56.8%
The Canadian Pure-play LP Pot Stock Index jumped 13.1% this week but still remains DOWN 51.3% YTD. In comparison, the 13 constituents in the American Pure-play MSO Pot Stock Index declined 2.5% this week and are now DOWN 54.2% YTD, on average.
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