The Canadian Cannabis LPs Index consists of the 5 largest pure-play vertically integrated (i.e. seed-to-sale) Canadian Licensed Producers. Below are the performances of its constituents this week, in descending order, since the end of September and in the 6 months since the end of April. Go here for the latest in analysis and commentary on each of the companies.

1. Tilray (TLRY): UP 5.0% this week, UP 38.0% since the end of September, DOWN 23.5% in the past 6 months
2. Canopy Growth (CGC): UP 4.4% this week, UP 20.5% since the end of September, DOWN 42.4% in the past 6 months
3. Aurora (ACB): UP 2.3% this week, UP 4.1% since the end of September, DOWN 56.8% in the past 6 months
4. OrganiGram (OGI): No Change this week, UP 10.2% since the end of September, DOWN 31.2% in the past 6 months
5. Cronos (CRON): DOWN 0.3% this week, UP 9.2% since the end of September, UP 2.0% in the past 6 months.

In total, the munKNEE Canadian Cannabis LPs Index:

• was UP 2.8% this week compared to the S&P 500 index which was DOWN 3.3%,
• is UP 19.6% since the end of September vs. the S&P 500 which is DOWN 5.2%,
• but is DOWN 31.3% in the past 6 months vs. the S&P 500 which is only DOWN 8.7%.

As I mentioned in an article on marijuana ETFs (see here),

• if you are interested in investing in the Canadian LP category the ETFs with the largest percentage of such stocks is the Global X Cannabis ETF (POTX),
• if you believe that the category has more or less bottomed and is setting the stage to surge upwards then you might want to consider investing in either the ETFMG 2x Daily Bull Alternative Harvest ETF (MJXL) or the Horizons 2x Bull Marijuana Companies ETF (HMJU).
• Conversely, if you think the category is going to decline further you might want to consider investing in either the inversely leveraged ETFMG 2x Daily Inverse Alternative Harvest ETF (MJIN) or the BetaPro 2x Inverse Canadian Marijuana Companies ETF (HMJI).

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