E The Canadian Cannabis Report- Monday, May 31

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


For the trading week ended May 28, my proprietary Canadian Cannabis Company Index (MCCCI) increased by 14.0% compared to the prior week when it increased by 2.5%. The index consists of 25 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.


The Good

There were 12 stocks that increased by more than 10%, which is my metric for inclusion in this category: TGODF +37.1%, ACB +27.1%, NCNNF +23.6%, MEDIF +23.5%, HEXO 23.0%, CRON +22.0%, ZBISF 21.1%, OGI +17.6%, VVCIF +15.6%, ALEAF +15.4%, CGC +13.5% and SPRWF +12.8%. The Green Organic had an outstanding month of May, as the stock more than doubled. As I said last week, TGODF has stated that the “turnaround plan well underway.”


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. There was a 16.1% increase in the “Big Four” as 3 of them made the “good” list compared to the prior week when there was no change, and only ACB increased more than 10%. Recap There was an increase of 2.5% in the relative strength index compared to the prior week when there was a decrease of 4.0%. Let us see how this volatile sector has performed at the same time next week, shall we?

CGC

How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.