For the trading week ended August 6, my proprietary Canadian Cannabis Company Index (MCCCI) increased by 1.4% compared to the prior week when it decreased by 1.1%. The index consists of 23 stocks, many of which are among the most widely held holdings of the 3 ETFs (NY: MJ, CNBS, and THCX) that I consider to be a reliable barometer of the Canadian cannabis sector.

Image by Herbal Hemp from Pixabay

MCCCI's differentiated business model is both weighted and market capitalization-based because I believe that this approach best represents the current landscape of the Canadian cannabis sector.

The Good

There were no stocks that increased by more than 10%, which is my metric for inclusion in this category.

The Bad

There were 2 stocks that decreased by more than 10% (but less than 20%) which is my metric for inclusion in this category: FLWPF -15.8% and RDDTF -14.4%. There was no news regarding either The Flowr Corporation or Radient Technologies Inc.

The Ugly

There were no stocks that decreased by 20% or more, which is my metric for inclusion in this category.

Recap

There was an increase of 1.2% in the “Big Four” compared to the prior week when there was a decrease of 1.3%. There was no change in the relative strength index compared to the prior week when there was a decrease of 5.3%. Let us see how this volatile sector has performed at the same time next week, shall we?