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The general market weakness and the continuing disappointment in the postponement of the introduction of the Cannabis Administration & Opportunity Act (CAOA) from the end of April until sometime before the end of July has the largest Canadian Licensed Producers (LP) as tracked in the Canadian Pure-play LP Pot Stock Index imploding. Here are the details.

The Canadian Pure-play LP Pot Stock Index

This article highlights the performance of the Canadian Pure-play LP Pot Stock Index since the end of March, YTD, and from its peak in February of 2021, as follows, in descending order:.

1. Cronos (CRON): DOWN 20.5% since the end of March; (-21.2% YTD);  -80..1% from its 2021 peak
   • Chance of Financial Distress in next 2 years: less than 1%
   • Analyst Consensus: 20 stock analysts currently rate CRON as a SELL
   • Recent Analysis/Commentary: Go here
2. Canopy Growth (CGC): DOWN 29.2%; (-38.5% YTD);  -89.7% from its 2021 peak
   • Chance of Financial Distress in next 2 years: +67%
   • Analyst Consensus: 26 stock analysts currently rate CGC as a SELL
   • Recent Analysis/Commentary: Go here
3. Organigram (OGI): DOWN 30.7%; (-34.3% YTD);  -80.8% from its peak in 2021
   • Chance of Financial Distress in next 2 years: less than 1%
   • Analyst Consensus: 17 stock analysts currently rate OGI as a BUY
   • Recent Analysis/Commentary: Go here
4. Aurora (ACB): DOWN 39.5%;  (-55.3% YTD); -87.2% from its 2021 peak
   • Chance of Financial Distress in next 2 years: 49%
   • Analyst Consensus: 18 stock analysts currently rate ACB as a SELL
   • Recent Analysis/Commentary: Go here
5. Tilray (TLRY): DOWN 42.9%; (-36.8% YTD); -93.1% from its 2021 peak
   • Chance of Financial Distress in next 2 years: +67%
   • Analyst Consensus: 26 stock analysts currently rate TLRY as a HOLD
   • Recent Analysis/Commentary: Go here

The Canadian Pure-play LP Pot Stock Index is DOWN 33.9% since the end of March (6 weeks) and is now DOWN 38.6% YTD and DOWN 89.5% from its high in 2021.

For the record:

• The American Pure-play MSO Pot Stock Index is DOWN 36.1% since the end of March and is now DOWN 45.9% YTD and is now DOWN 75.0% from its high in 2021.
• Collectively, the Canadian LP and American MSO indices are DOWN 35.6% since the end of March and are now DOWN 44.5% YTD and -80.5% from their highs in 2021.