The 5 Largest Canadian Cannabis LP Stocks Collapsed 66% In 2022
The munKNEE Canadian Cannabis LPs Index tracks the performance of the 5 largest vertically integrated (i.e. seed-to-sale) licensed producers by market capitalization. Also presented are links to my summary articles on their latest quarter financial results and a link to a recent article which highlights the financial health of each constituent.
Below is how the constituents performed in 2022, in descending order, and in the month of December:
- Cronos (CRON): DOWN 35.7% in 2022; DOWN 19.0% in December
- OrganiGram (OGI): DOWN 55.4% in 2022; DOWN 24.3% in December
- Tilray (TLRY): DOWN 62.0% in 2022; DOWN 31.0% in December
- Canopy Growth (CGC): DOWN 74.0 % in 2022; DOWN 37.5% in December
- Aurora (ACB): DOWN 83.5% in 2022; DOWN 30.5% in December
In total, the munKNEE Canadian Cannabis LPs Index went DOWN 2.6% this week, DOWN 29.3% in December and DOWN 66.0% in all of 2022. That compares favorably, believe it or not, with the munKNEE American Cannabis MSO Stocks Index which went DOWN 4.1% this week, DOWN 42.6% in December and DOWN 72.7% in all of 2022.
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