June Update: Canadian Cannabis LPs Index Fell 28%; Now -59% YTD

The Canadian Pure-Play LP Pot Stock Index declined 28.0% in June to a 52-week low and is now down 58.9% YTD.

The Index consists of the 5 largest pure-play, vertically integrated LPs with market capitalizations of $300M or more whose stocks trade for US$1/share or more and trade on one or more of the Canadian and/or American stock exchanges.

Below is how the 5 constituents performed in June and YTD, in descending order:

  1. Cronos (CRON): DOWN 7.5% in June; DOWN 28.1% YTD 
    • Chance of Financial Distress in the next 2 years: less than 1%
    • Analyst Consensus: 18 stock analysts currently rate CRON as a BUY
    • Recent Analysis/Commentary: Go here
  2. Organigram (OGI): DOWN 20.7% in June; DOWN 47.4% YTD
    • Chance of Financial Distress in the next 2 years: less than 1%
    • Analyst Consensus: 17 stock analysts currently rate OGI as a BUY
    • Recent Analysis/Commentary: Go here
  3. Aurora (ACB): DOWN 21.4% in June; DOWN 75.6% YTD
    • Chance of Financial Distress in the next 2 years: 52%
    • Analyst Consensus: 17 stock analysts currently rate ACB as a SELL
    • Recent Analysis/Commentary: Go here
  4. Tilray (TLRY): DOWN 31.4% in June; DOWN 55.7% YTD
    • Chance of Financial Distress in the next 2 years: +68%
    • Analyst Consensus: 26 stock analysts currently rate TLRY as a HOLD
    • Recent Analysis/Commentary: Go here
  5. Canopy Growth (CGC): DOWN 41.6% in June; DOWN 67.4%
    • Chance of Financial Distress in the next 2 years: +61%
    • Analyst Consensus: 26 stock analysts currently rate CGC as a SELL
    • Recent Analysis/Commentary: Go here

The Canadian Pure-play LP Pot Stock Index fell 28.0% in June and is now DOWN 58.9% YTD.  In comparison, the 13 constituents in the American Pure-play MSO Pot Stock Index declined 22.3% in June and are now DOWN 57.4% YTD, on average.

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Corey Gaber 1 month ago Member's comment

Do you think that pot stocks are over rated? I feel like I've lost my shirt on most.