5 Largest Canadian Cannabis Stocks Down 5%, On Average, This Week

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The 5 largest stocks as tracked in munKNEE's Canadian Cannabis LP Stocks Index were down 65.0%, on average, in 2023 on top of a 71% decline in 2022 and a 61% decline in 2021. If the first two weeks of 2024 are any indication, unfortunately, this year may well be a continuation of that trend.

Below are the performances of the 5 largest Canadian cannabis LPs this week, in descending order, and MTD along with their Enterprise Value-to-Earnings Before Interest Taxes Depreciation and Amortization (EV/EBITDA) and any recent news, commentary and/or analysis on each company. (The EV/EBITDA metric is a popular valuation tool that helps investors compare companies in order to make an investment decision. EV calculates a company's total value or assessed worth, while EBITDA measures a company's overall financial performance and profitability. The EV is divided by its EBITDA. Typically, when evaluating a company, an EV/EBITDA value below 10 is seen as healthy.):

Organigram Holdings (OGI): UP 22.5% this week; UP 29.0% MTD
- Market Capitalization: $139M
- EV/EBITDA: 27.0
- Latest News, Commentary and/or Analysis:
  - None
Aurora Cannabis (ACB): down 4.2% this week; down 4.2% MTD
- Market Capitalization: $213M
- EV/EBITDA: 21.9
- Latest News, Commentary and/or Analysis:
  - Is Aurora Cannabis Stock a Buy Now?
Canopy Growth (CGC): down 4.8% this week; down 11.5% MTD
- Market Capitalization: $399M
- EV/EBITDA: Not Applicable
- Latest News, Commentary and/or Analysis:
  - Canopy Growth Continues Its Moves To Strengthen Its Balance Sheet
Cronos Group (CRON): down 8.7% this week; down 4.8% MTD
- Market Capitalization: $768M
- EV/EBITDA: NA
- Latest News, Commentary and/or Analysis:
  - Cronos Enters Australian Cannabis Market
Tilray Brands (TLRY): down 18.0% this week; down 18.7% MTD
- Market Capitalization: $1.4 billion
- EV/EBITDA: 25.1
- Latest News, Commentary and/or Analysis:
  - Tilray Brands Delivers Record Q2 Fiscal 2024 Net Revenue