Image Source: Pixabay

The 5 largest licensed producers (LPs) in our munKNEE Canadian Cannabis LPs Index are ranked below in descending order, as to their stock performances this week and so far during the month of July:

1. Tilray (TLRY): UP 35.9% this week; UP 45.5% so far in July
   • current market capitalization: $1.5B
   • current price/share: $2.27
   • current short interest: 11.1% - A high short interest signals that investors have become more bearish and may be getting ready to sell and, as such, that it may be time to liquidate a long position.
   • Read: Tilray Brand Stock Jumps 28% With Release Of Its Q4 Financials
2. Canopy Growth (CGC): UP 23.7% this week; UP 20.5% so far in July
   • ​​​current market capitalization: $298M
   • current price/share: $0.47
   • Read: Canopy Growth launches Wana Brands' Edibles at SpectrumTherapeutics.com
3.  OrganiGram (OGI): UP 9.0% this week; DOWN 6.4% so far in July
   • current market capitalization: $109M
   • current price/share: $1.46
4. Aurora (ACB): UP 6.0% this week; No Change so far in July
   • current market capitalization: $186M
   • current price/share: $0.53
   • Read: Aurora Cannabis Announces Sale of Aurora Sun Facility to Bevo Expected to Provide Incremental Revenue and Cash Flow
5. Cronos (CRON): Unchanged this week; DOWN 7.1% so far in July 
   • current market capitalization: $685M
   • current price/share: $1.84

Summary

While the munKNEE Canadian Cannabis LPs Index was UP 14.7% this week and is UP 9.1% so far in July, the 7 constituents in the munKNEE American Cannabis MSOs Index are, on average, DOWN 2.2% this week and are DOWN 3.9% so far in July.

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 was UP 10.2% this week and is UP 6.3% so far in July, in comparison.

More By This Author:

July Summary: Upward Trend In Conservative "Cannabis" Stocks Continues
Tilray Brand Stock Jumps 28% With Release Of Its Q4 Financials
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