E Canadian Vs. American Pot Stock Performances Last Week

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At last count there were 225 cannabis and ancillary companies trading on the various North American stock exchanges but only 23 meet the criteria* for inclusion in the munKNEE  Pure-Play "Seed-to-Sale" Pot Stocks Index which consists of two sub-categories: the munKNEE Canadian Pure-Play Licensed Producers (LPs) Pot Stock Index and the munKNEE Pure-Play American Multi-State Operators (MSOs) Pot Stock Index. Which have performed the best so far in August and year-to-date: LPs or MSOs? This article has the answers.

*The criteria for inclusion in the munKNEE marijuana indices are vertically integrated (seed-to-sale) companies that derive 100% of their revenue from the sector, have a market capitalization in excess of US$300, and trade for at least US$1/share. Only 6 Canadian LP stocks and 17 American MSO stocks meet those criteria.

The  munKNEE Canadian Pure-Play Licensed Producers Pot Stock Index

  • is -6.3% so far in August (MTD) and
  • is now -4.0% YTD.
    • Its constituents are: Canopy (CGC), Tilray (TLRY), Cronos (CRON), Aurora (ACB), Organigram (OGI), and Hexo (HEXO).
      • 4 of the 6 constituents in the sub-category have changed in price by 5% or more MTD, namely:
        • Organigram: +10.7% MTD; now +118.0% YTD
          • Announce the appointment of Beena Goldenberg, formerly CEO of The Supreme Cannabis Company Inc.,  as the Company’s new CEO.
          • Completed the acquisition of Edibles & Infusions Corp. to bolster its cannabis 2.0 offerings.
        • Tilray: +9.0% MTD; now +61.0% YTD
          • Reported a positive net income in its latest Q4 financial report (see details here).
          • Launched medical cannabis edibles in THC and CBD-rich varieties of chocolates and soft chew gummies across Canada.
        • Hexo: -11.1% MTD; now -3.8% YTD
          • Applied to transfer its U.S. stock exchange listing from the New York Stock Exchange to the Nasdaq effective August 23, 2021 after market close. 
        • Cronos: -12.2% MTD; now -6.8% YTD
          • Reported dismal Q2 financial results (see details here)
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