11 Cannabis Stocks That Have Moved Significantly In September

During the last quarter, the cannabis sector has been under pressure and we have not seen the normal post-summer rally. 

In prior years, the summer season has been slow for the cannabis sector and we were not surprised by the weakness we saw in August. Based on our years of analyzing the cannabis sector, we identified a sector-wide trend where cannabis stocks would typically rally in September and we are surprised by the current trend. 

11 Cannabis Stocks to be Aware of

Before providing an in-depth explanation on the recent trend, we have highlighted the performance of 11 well-known cannabis companies so far this month (based on stock prices after the close on September 13th) and believe our readers should be aware of this:

Stocks that Have Dropped More Than 10%

  • Canopy Growth Corp. (TSX: WEED) (Nasdaq: CGC) has fallen more than 12%
  • GrowGeneration Corp. (Nasdaq: GRWG) has fallen more than 11% 
  • Aurora Cannabis Inc. (TSX: ACB) (Nasdaq: ACB) has fallen more than 10%
  • Auxly Cannabis Group Inc. (TSX: XLY) (OTC: CBWTF) has fallen more than 10%

Stocks that Have Dropped Between 5% and 10%

  • Village Farms Inc. (TSX: VFF) (Nasdaq: VFF) has fallen approx. 9.4%
  • Cronos Group Inc. (TSX: CRON) (NYSE: CRON) has fallen approx. 8.4%
  • OrganiGram Holdings Inc. (TSX: OGI) (NYSE: OGI) has fallen approx. 7.4%
  • Innovative Industrial Properties, Inc. (NYSE: IIPR) has fallen approx. 7.2%
  • MediPharm Labs Corp. (TSX: LABS) (OTC: MEDIF) has fallen less than 5%

Stocks That Have Traded Higher

  • Aleafia Health Inc. (TSX: AH) (OTC: ALEAF) has rallied approx. 9%
  • High Tide Inc. (TSX Venture: HITI) (Nasdaq: HITI) has rallied approx. 5.5%

Where Does the Cannabis Sector Go From Here

When analyzing the performance of these 11 cannabis companies, it is easy to understand that most of the cannabis sector is trending to the downside. These declines come after most operators reported quarterly financial results and we will monitor how the sector is able to bounce back.  

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Disclaimer: All information that we provide is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Furthermore, ...

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