Uptrend In Major Canadian Cannabis LPs Continued This Week
The Canadian Pure-Play Pot Stocks Index consists of the 5 largest vertically integrated (i.e. seed-to-sale) Licensed Producers (LPs) with market capitalizations of $300M or more and whose stocks trade for at least US$1/share and trade on one or more of the Canadian and/or American stock exchanges.
Below are the performances of its constituents for this week, in descending order, and since the end of July with the latest in analysis and commentary on each of the companies to be found here:
- Cronos (CRON): UP 7.1% this week; UP 1.0% since the end of July
- Canopy Growth (CGC): UP 5.5% this week; UP 38.8% since the end of July
- Aurora (ACB): UP 3.3% this week; UP 10.6% since the end of July
- Organigram (OGI): UP 2.9% this week; DOWN 0.9% since the end of July
- Tilray (TLRY): UP 1.2% this week; DOWN 6.8% since the end of July
In total, the munKNEE Canadian Pot Stocks Index was UP 4.2% this week and is now UP 7.9% since the end of July.
As I mentioned in my recent article on marijuana ETFs (see here), if you are interested in investing in the Canadian LP category the ETF with the largest percentage of such stocks then consider the Global X Cannabis ETF (POTX). (For comparison, POTX was up 5.01% this week.)
For the adventuresome among you consider investing in one of the following leveraged (inverse or bull) ETFs:
- ETFMG 2x Daily Inverse Alternative Harvest ETF (MJIN)
- ETFMG 2x Daily Bull Alternative Harvest ETF (MJXL)
- BetaPro 2x Inverse Canadian Marijuana Companies ETF (HMJI)
- Horizons 2x Bull Marijuana Companies ETF (HMJU)
An "inverse" ETF is the way to go if you think the cannabis sector is going to decline considerably in the months ahead while a 'bull" ETF is for those that think the sector is going to advance going forward.
More By This Author:
Index Of Largest Plant-Based Food Stocks Declined 23% In August; Now Down 63% YTD
A Recap Of How The 5 Cannabis Categories Performed In August
Uptrend In Major U.S. Cannabis MSOs Continued In August
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