Canadian Cannabis LP Stocks Index Down 5% This Week - Here's Why

Investors/speculators who have bought Canadian Licensed Producer (LP) cannabis stocks this year have seen their holdings decline 5.2%, on average, this week (down 45% YTD), as represented by munKNEE's Canadian Cannabis LP Stocks Index. A further sell-off over the next 2 weeks is a distinct possibility as investors sell their losers (called tax-loss selling) so they can offset their gains from other investments.

Below are the performances of the 5 largest Canadian cannabis LPs this week, in descending order, and YTD:

  1. Tilray Brands (TLRY): up 7.8%; down 22.8% YTD
  2. Organigram Holdings (OGI): No Change; down 57.4% YTD
  3. Aurora Cannabis (ACB): down 7.7%; down 46.1% YTD
  4. Cronos Group (CRON): down 8.1%; down 23.4% YTD
  5. Canopy Growth (CGC): down 35.0%; down 77.1% YTD
    •  

In Summary

The munKNEE Canadian Cannabis LPs Index went down 5.2% this week and is now down 44.9% YTD. 


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Disclosure: None

 

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