For the week ending March 28, 2025, my proprietary Canadian Cannabis Company Index (MCCCI) declined by 3.3%. 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?

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The Good

Stocks One stock increased by over 10%, which serves as my benchmark for inclusion in this category. TerrAscend Corp. (TSNDF) rose by 10.2%, making it the only MCCCI stock to gain during the week.

The Bad

Stocks One stock 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%. I believe this stock will likely experience price pressure in the near future.

The Ugly

Stocks No stocks fell by 20% or more, which serves as my benchmark for inclusion in this category.

Valuation Metrics Review

The index’s “Big 4” stocks CGC, CRON, TLRY, and TSNDF (three of which declined) collectively experienced a 4.9% drop. The stock price-based metric fell by 3.4%. These figures indicate a bearish trend with no immediate catalysts for the sector turnaround.

Recap

As mentioned above, of the 14 stocks in the MCCCI, only one stock increased in value. Based on the current market conditions, the DEFCON level for the MCCCI remains at 2. Let's see how this volatile sector performs at the same time next week, shall we?

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