TM editors' note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.

Image by Herbal Hemp from Pixabay

The Canadian Cannabis Report - Monday, June 28 For the trading week ended June 25, my proprietary Canadian Cannabis Company Index (MCCCI) had a negligible change compared to the prior week when it decreased by 5.4%. The index consists of 24 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. MCCCIs 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.

The Good

There were no stocks that increased by more than 10%, which is my metric for inclusion in this category.

The Bad

There were 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.

Recap

There was an increase of 8.5% in the “Big Four” compared to the prior week when there was a decrease of 10.1%. For the 3rd consecutive week, they all traded in lock-step, which is the 1st time this has happened in the 1+ year history of the MCCCI. The best performer of this group was Canopy Growth Corporation (CGC) which traded up by 9.9%. I have informed my private clients regarding my view of their merger with The Supreme Cannabis, Inc. (SPRWF). There was a decrease of 6.4% in the relative strength index compared to the prior week when there was an increase of 4.6%. Let us see how this volatile sector has performed at the same time next week, shall we?