Canadian LP Cannabis Stocks Jumped 13% This Week Off A 52-Week Low

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The Canadian Pure-Play LP Pot Stock Index rebounded 13.1% this week after having bottomed to a 52-week low the previous week and is now only down 51.3% YTD.

The Index consists of the 5 largest pure-play, vertically integrated LPs with market capitalizations of $300M or more whose stocks trade for US$1/share or more and trade on one or more of the Canadian and/or American stock exchanges.

Below is how the 5 constituents performed this week and YTD, in descending order:

1. Aurora (ACB): UP 18.6%; DOWN 71.7% YTD
   • Chance of Financial Distress in the next 2 years: 52%
   • Analyst Consensus: 17 stock analysts currently rate ACB as a SELL
   • Recent Analysis/Commentary: Go here
2. Tilray (TLRY): UP 12.8%; DOWN 48.6% YTD
   • Chance of Financial Distress in the next 2 years: +68%
   • Analyst Consensus: 26 stock analysts currently rate TLRY as a HOLD
   • Recent Analysis/Commentary: Go here
3. Organigram (OGI): UP 12.8%; DOWN 39.4% YTD
   • Chance of Financial Distress in the next 2 years: less than 1%
   • Analyst Consensus: 17 stock analysts currently rate OGI as a BUY
   • Recent Analysis/Commentary: Go here
4. Cronos (CRON): UP 12.7%; DOWN 20.7% YTD 
   • Chance of Financial Distress in the next 2 years: less than 1%
   • Analyst Consensus: 18 stock analysts currently rate CRON as a BUY
   • Recent Analysis/Commentary: Go here
5. Canopy Growth (CGC): UP 11.9%; DOWN 56.8%
   • Chance of Financial Distress in the next 2 years: +61%
   • Analyst Consensus: 26 stock analysts currently rate CGC as a SELL
   • Recent Analysis/Commentary: Go here

The Canadian Pure-play LP Pot Stock Index jumped 13.1% this week but still remains DOWN 51.3% YTD.  In comparison, the 13 constituents in the American Pure-play MSO Pot Stock Index declined 2.5% this week and are now DOWN 54.2% YTD, on average.