Largest Canadian Cannabis LP Stocks Down 22% In May
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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 during the month of May and YTD:
- Cronos (CRON): DOWN 6.4% in May; DOWN 30.6% YTD
- Aurora (ACB): DOWN 14.3% in May; DOWN 42.7% YTD
- OrganiGram (OGI): DOWN 26.0% in May; DOWN 52.6% YTD
- Tilray (TLRY): DOWN 28.9% in May; DOWN 37.5% YTD
- Canopy Growth (CGC): DOWN 35.4% in May; DOWN 63.0% YTD
Summary
While the munKNEE Canadian Cannabis LPs Index was DOWN 22.4% in May and is DOWN 43.7% YTD, the 7 constituents in the munKNEE American Cannabis MSOs Index were only DOWN 0.9% in May and are now DOWN 18.9% 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 was DOWN 11.1% in May and is now DOWN 41.1% YTD, in comparison.
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Disclosure: None
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