The Canadian Pure-Play Pot Stocks Index consists of the 5 largest vertically integrated (i.e. seed-to-sale) Licensed Producers (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 are the performances of its constituents for the month of July, in descending order, and YTD.

The Canadian Pure-Play LP Pot Stock Index

1. Tilray (TLRY): UP  17.0% in July; DOWN 48.1% YTD
   • Recent Analysis/Commentary: Go here
2. Organigram (OGI): UP  16.3% in July; DOWN 38.9% YTD
   • Recent Analysis/Commentary: Go here
3. Cronos (CRON): UP  11.7% in July; DOWN 19.6% YTD
   • Recent Analysis/Commentary: Go here
4. Aurora (ACB): UP  6.8% in July; DOWN 73.9% YTD
   • Recent Analysis/Commentary: Go here
5. Canopy Growth (CGC): DOWN 7.7% in July; DOWN 69.9% YTD
   • Recent Analysis/Commentary: Go here

In total, the munKNEE Canadian Pot Stocks Index was UP 8.0% in July but is still DOWN 55.6% 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 ETF with the largest percentage of such stocks then consider the Global X Cannabis ETF (POTX). It was UP 7.1% in July and is DOWN 50.9% YTD. 

For the adventuresome among you consider investing in one of the following leveraged (inverse or bull) ETFs:

1. ETFMG 2x Daily Inverse Alternative Harvest ETF (MJIN)
2. ETFMG 2x Daily Bull Alternative Harvest ETF (MJXL)
3. BetaPro 2x Inverse Canadian Marijuana Companies ETF (HMJI)
4. Horizons 2x Bull Marijuana Companies ETF (HMJU)

An "inverse" ETF is the way to go if you think the cannabis sector is going to decline considerably in the months ahead while a 'bull" ETF is for those that think the sector is going to advance. Personally, I think the marijuana market has no where to go but up having declined 53.7% YTD - and having declined 83.7% from its peak in February 2021. That is not a recommendation so do your own research before taking a position.

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