Canadian LP Cannabis Stocks Jumped 13% This Week Off A 52-Week Low

person holding white flower during sunset

Image Source: Unsplash

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:

  1. Aurora (ACB): UP 18.6%; DOWN 71.7% YTD
    • Chance of Financial Distress in the next 2 years: 52%
    • Analyst Consensus: 17 stock analysts currently rate ACB as a SELL
    • Recent Analysis/Commentary: Go here
  2. Tilray (TLRY): UP 12.8%; DOWN 48.6% YTD
    • Chance of Financial Distress in the next 2 years: +68%
    • Analyst Consensus: 26 stock analysts currently rate TLRY as a HOLD
    • Recent Analysis/Commentary: Go here
  3. Organigram (OGI): UP 12.8%; DOWN 39.4% YTD
    • Chance of Financial Distress in the next 2 years: less than 1%
    • Analyst Consensus: 17 stock analysts currently rate OGI as a BUY
    • Recent Analysis/Commentary: Go here
  4. Cronos (CRON): UP 12.7%; DOWN 20.7% YTD 
    • Chance of Financial Distress in the next 2 years: less than 1%
    • Analyst Consensus: 18 stock analysts currently rate CRON as a BUY
    • Recent Analysis/Commentary: Go here
  5. Canopy Growth (CGC): UP 11.9%; DOWN 56.8%
    • Chance of Financial Distress in the next 2 years: +61%
    • Analyst Consensus: 26 stock analysts currently rate CGC as a SELL
    • Recent Analysis/Commentary: Go here

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.

Visit munKNEE.com and register to receive our free Market Intelligence Report newsletter (sample  more

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.