For the trading week that ended June 16, 2023, my proprietary Canadian Cannabis Company Index (MCCCI) decreased by 1.3% compared to the prior week when it decreased by 5.8%. The index consists of 16 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that I consider to be a reliable barometer of the Canadian cannabis sector. MCCCI's differentiated business model is both weighted and market capitalization based because I believe that this approach best represents the current landscape of the Canadian cannabis sector. Now let us look at this week’s good, bad, and ugly stocks, shall we?

The Good

There was 1stock that increased by more than 10%, which is my metric for inclusion in this category: DLTNF +44.7%. Delta 9 Cannabis Inc. was also a “good” stock in the prior week, and is a 4th quartile MCCCI stock with a paltry market capitalization of $8.7M.

The Bad

There were no stocks that decreased by more than 10% (but less than 20%) which is my metric for inclusion in this category.

The Ugly

There were no stocks that decreased by 20% or more, which is my metric for inclusion in this category. Valuation Metric Review There was a decrease of 1.7% in the “Big Four” (2 of which decreased) compared to the prior week when there was a decrease of 8.9%.5 of the 16 MCCCI portfolio stocks increased, which is an improvement over recent weeks. But the prevailing sentiment of “all is quiet on the Potomac” prevails. Recap There was an increase of 2.6% in the relative strength index compared to the prior week when there was a decrease of 7.3%.

Let us see how this volatile sector has performed at the same time next week, shall we?

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