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Canopy Growth released its Q4 financial results Thursday evening (see here) and they were dismal. Its stock is down 17.5% and is now down 38.1% MTD. That decline has adversely affected the performances of some other of the 5 largest licensed producers (LPs), as tracked in our munKNEE Canadian Cannabis LPs Index. Its constituents are ranked below, in descending order, as to their stock performances this week (week ending June 23), so far in June (MTD), and YTD:

1. Cronos (CRON): UP 5.8% w/e June 23rd; UP 3.4% MTD; DOWN 28.2% YTD
2. Aurora (ACB): UP 1.9% w/e June 23rd; UP 7.8% MTD; DOWN 38.2% YTD
3. Tilray (TLRY): DOWN 2.6% w/e June 23rd; DOWN 9.0% MTD; DOWN 43.1% YTD
4. OrganiGram (OGI): DOWN 9.1% w/e June 23rd; UP 8.1% MTD: DOWN 48.7% YTD
5. Canopy Growth (CGC): DOWN 17.5% w/e June 16th; DOWN 38.1% MTD; DOWN 77.1% YTD

Summary

The munKNEE Canadian Cannabis LPs Index was DOWN 1.6% w/e ending June 23rd, is DOWN 6.6% MTD, and is DOWN 47.4% YTD. The 7 constituents in the munKNEE American Cannabis MSOs Index, in comparison, were UP 0.6% w/e June 23rd, are DOWN 0.4% MTD and are DOWN 19.6% YTD.

The Global X Cannabis ETF (POTX), which consists of the above 5 highlighted Canadian stocks plus another 12 cannabis or cannabis-related (i.e. auxiliary) stocks, is DOWN 6.1% w/e June 23rd, is DOWN 8.2% MTD and is DOWN 39.9% YTD.

More By This Author:

Canopy Growth Q4 Financial Results Were Dismal
Aurora Cannabis Reports A Q3 Net Loss Increase Of 30%
Largest American Cannabis MSO Stock Prices For Week Ending June 16th