5 Largest Cannabis LPs Continue To Go Down, Down, Down

Herb, Hemp, Plant, Cab, Cannabinoid

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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.

  1.  Cronos (CRON): DOWN 1.1%
  2.  Aurora (ACB): DOWN 3.7%
  3. Canopy Growth (CGC): DOWN 5.7%
  4. Tilray (TLRY): DOWN 10.4%
  5. 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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