5 Largest Cannabis LPs Continue To Go Down, Down, Down
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The 5 largest licensed producers (LPs), as tracked in our munKNEE Canadian Cannabis LPs Index, are ranked below, in descending order, as to their stock performances during the week ending June 2nd.
- Cronos (CRON): DOWN 1.1%
- Aurora (ACB): DOWN 3.7%
- Canopy Growth (CGC): DOWN 5.7%
- Tilray (TLRY): DOWN 10.4%
- OrganiGram (OGI): DOWN 11.4%
Summary
The munKNEE Canadian Cannabis LPs Index was DOWN 6.1% last week and is now DOWN 42.9% YTD while the 7 constituents in the munKNEE American Cannabis MSOs Index were only DOWN 1.5% last week, on average, and are now DOWN 21.7% YTD, on average. The Global X Cannabis ETF (POTX) consists of the above 5 highlighted Canadian stocks plus another 12 cannabis or cannabis-related (i.e. auxiliary) stocks. It was DOWN 1.6% last week and is now DOWN 33.5% YTD.
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Disclosure: None
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