Cannabis LP Update: Decline Of 11% This Week, Largely Due To Aurora's 16% Drop

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Introduction

The munKNEE Canadian Cannabis LP Stocks Index continues to decline. It went down 61% in 2021, down 71% in 2022 and down 65% in 2023 and is already down 20% so far in 2024.

Below are this week's performances of the 5 LPs in the Index, in descending order, and YTD, along with any recent  news, commentary and/or analysis on each company.

The munKNEE Canadian Cannabis LP Stocks Index

1. Cronos Group (CRON): down 1.3% this week; up 6.7% YTD
   • Latest News, Commentary and/or Analysis:
     • Cronos to Present Q4 and FY 2023 Earnings on February 29, 2024
2. Organigram Holdings (OGI): down 7.3% this week; up 54.2% YTD
   • Latest News, Commentary and/or Analysis:
     • Organigram Reports Q1 2024 Results
3. Tilray Brands (TLRY): down 8.3% this week; down 23.5% YTD
   • Latest News, Commentary and/or Analysis:
     • Tilray Medical Applauds Passage of Medical Cannabis Act in Germany
4. Canopy Growth (CGC): down 14.7% this week; down 36.2% YTD
   • Latest News, Commentary and/or Analysis:
     • Canopy Growth Shareholders To Vote On Creation Of New Class of Exchangeable Shares
5. Aurora Cannabis (ACB): down 16.4% this week; down 21.0% YTD
   • Latest News, Commentary and/or Analysis:
     • Aurora Cannabis Completes 10-for-1 Share Consolidation

In Summary

The munKNEE Canadian Cannabis LPs Index is down 11.1% this week and is now down 20.3% YTD.

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