Image Source: Pixabay

The 5 largest licensed producers (LPs), as tracked in our munKNEE Canadian Cannabis LPs Index, are ranked below, in ascending order, as to their stock performances YTD:

5. Canopy Growth (CGC): DOWN 52.0% YTD

• 23 Wall Street analysts:
  • have an average 12-month price target representing a 135.8% increase from its current price and
  • have a consensus SELL rating.
• Constellation Brands (STZ) has a 39% stake in CGC.

4. OrganiGram (OGI): DOWN 37.2% YTD

• 15 Wall Street analysts:
  • have an average 12-month price target representing a 167.3% increase from its current price and
  • have a consensus BUY rating.
• British American Tobacco (BTI) has invested C$221M in a product development partnership with OGI

3. Aurora (ACB): DOWN 24.7% YTD

• 14 Wall Street analysts:
  • have an average 12-month price target representing a 143.3% increase from its current price and
  • have a consensus HOLD rating.

2. Cronos (CRON): DOWN 24.2% YTD

• 18 Wall Street analysts:
  • have an average 12-month price target representing a 49.2% increase from its current price and
  • have a consensus BUY rating.
• Altria Group (MO) has a 45% stake in CRON

1. Tilray (TLRY): DOWN 9.7% YTD

• 22 Wall Street analysts:
  • have an average 12-month price target representing a 80.5% increase from its current price and
  • have a consensus BUY rating.
• Anheuser-Busch (BUD) has a $100 million joint venture with TLRY.

Summary

While the munKNEE Canadian Cannabis LPs Index is DOWN 28.0% YTD, the average 12-month Wall Street analyst price target represents a 93.5% increase from its current price. In comparison, the 7 constituents in the munKNEE American Cannabis MSOs Index are DOWN 22.7% YTD with an average Wall Street analyst 12-month price target representing a 241.8% increase from its current prices.

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 is DOWN 22.8% YTD, in comparison.

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