An Atrocious Year For Canadian Cannabis LP Stocks Index: Down 64% YTD

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2023 has been another atrocious year for Canadian cannabis stocks. The 5 largest stocks as tracked in munKNEE's Canadian Cannabis LP Stocks Index are DOWN 1%, on average, so far in December and are now DOWN 64% this year (2023) on top of a 71% decline in 2022 and a 61% decline in 2021 and are now DOWN 98.7% from their all-time highs.

Below are the performances of the 5 largest Canadian cannabis LPs this year as of December 26th (YTD), in descending order, and over the past 5 years:

1. Tilray Brands (TLRY): YTD Decline of 16%; 5-Year Decline of 96.8% 
2. Cronos Group (CRON): YTD Decline of 20%; 5-Year Decline of 82.9% 
3. Aurora Cannabis (ACB): YTD Decline of 47%; 5-Year Decline of 99.2%
4. Organigram Holdings (OGI): YTD Decline of 58%; 5-Year Decline of 90.3%
5. Canopy Growth (CGC): YTD Decline of 76%; 5-Year Decline of 98.0%

In Summary

The munKNEE Canadian Cannabis LPs Index is DOWN 64% YTD and is now DOWN 97.3% in the last 5 years.

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