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For the week ending April 4, 2025, my proprietary Canadian Cannabis Company Index (MCCCI) declined by 7.3%. This index, comprising 14 stocks, reflects the performance of the Canadian cannabis sector and primarily focuses on its key players influenced by substantial holdings in the ETFs MJ, CNBS, and THCX. The MCCCI's distinct business model is both weighted and based on market capitalization, as I believe this method best represents the current landscape of the Canadian cannabis sector. Now, let's examine this week’s good, bad, and ugly stocks, shall we?

The Good Stocks

No stocks increased by over 10%, which serves as my benchmark for inclusion in this category.

The Bad Stocks

No stocks fell by over 10% (but less than 20%), which serves as my benchmark for inclusion in this category. Canopy Growth Corporation (CGC) decreased by 13.6%.

The Ugly Stocks

One stock fell by 20% or more, which serves as my benchmark for inclusion in this category. TerrAscend Corp. (TSNDF), which was a “good” stock in the previous week, decreased by 23.3%. This is a cogent example of the froth in the portfolio throughout 2025.  

Valuation Metrics Review

The index’s “Big 4” stocks CGC, CRON, TLRY, and TSNDF (all of which declined) collectively experienced a 7.7% drop.  The stock price-based metric fell by 9.4%. These figures indicate an increasingly bearish trend with no immediate catalysts for the sector turnaround.

Recap

Of the 14 stocks in the MCCCI, only one stock increased. tAuxly Cannabis Group Inc. (CBWTF) increased by a de minimus 1.4%. Based on the current market conditions, the DEFCON level for the MCCCI remains at 2 pending future developments. Let's see how this volatile sector performs at the same time next week, shall we?

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