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Here is a recap of the MCCCI portfolio as of 6/30/ 24 and spoiler alert- it is not pretty:

The Best

The best performer was Organigram Holdings Inc. (OGI) +21.4%. I have no view on this stock but this 6/24/24 bullish article which call the company a “great deal” is well worth a close reading. Sector stalwart Alan Brochstein, CFA called OGI his favorite cannabis stock 2 months ago, and the stock has declined substantially since then.

The Worst

The “Big 4” performed particularly poorly as 2 of the cohort were “ugly” stocks: CGC -27.0% and TLRY -24.8%. TSNDF -17.2% was a “bad” stock” and in my view has a dim future. CRON +11.0% was the outlier of the group and a “good” stock.

Recap

As I have pointed out 80+% of the MCCCI consists of the “Big 4”- Canopy Growth Corporation, Cronus Group Inc., Tilray Brands, Inc., and TerrAscend Corp. I see absolutely positively no catalyst to indicate any meaningful upside movement going forward.

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