Canopy Growth Delisting Drags Down Performance Of Canadian Cannabis LPs

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The 5 largest licensed producers (LPs), as tracked in our munKNEE Canadian Cannabis LPs Index, are ranked below, in descending order, as to their stock performances so far in June (MTD) and YTD:

  1.  OrganiGram (OGI): UP 16.2% MTD; DOWN 44.9% YTD
  2.  Aurora (ACB): UP 3.9% MTD; DOWN 40.4% YTD
  3. Cronos (CRON): DOWN 4.6% MTD; DOWN 33.7% YTD
  4. Tilray (TLRY): DOWN 4.8% MTD; DOWN 40.4% YTD
  5. Canopy Growth (CGC); DOWN 19.0% MTD; DOWN 70.0% YTD
    • On June 6th Canopy Growth was removed from Canada's S&P/TSX Composite Index


While the munKNEE Canadian Cannabis LPs Index is DOWN 4.7% MTD and is DOWN 46.3% YTD, the 7 constituents in the munKNEE American Cannabis MSOs Index are only DOWN 0.5% MTD and are now DOWN 19.3% YTD.

The Global X Cannabis ETF (POTX) consists of the above 5 highlighted Canadian stocks plus another 12 cannabis or cannabis-related (i.e. auxiliary) stocks. It is DOWN 3.8% MTD and is now DOWN 37.0% YTD, in comparison.

More By This Author:

BUD Declined Dramatically In May And Again Last Week
5 Largest Cannabis LPs Continue To Go Down, Down, Down
These 12 AI-Related Stocks Went Up 21% In May; Now Up 42% YTD

Disclosure: None

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