Capital 10X – Pot Stocks Weekly Performance Wrap (August 9th, 2019)

Below is a comparison of the biggest winners and losers in marijuana stocks this week, grouped by market cap and country. See whether your picks are outperforming or if you need to rebalance your portfolio.

The High-Level

This week was largely neutral across the board with gains generally equalling loses within the different groups of Canadian cannabis companies. In the U.S. the weekly sentiment was more negative. This has allowed Canadian companies to largely outperform their American peers as we approach 2019’s three-quarter mark.

Looking at the Canadian mid-cap stocks this week, it appears as though some ETF re-balancing wreaked havoc on Supreme shareholders while CannTrust saw an unexpected boost. TGOD also had a strong week on the back of news that they are applying to list on the NASDAQ.

With next week full of important earnings releases, if companies can meet or exceed expectations it could signal the end of the summer sorrows. As we approach legalization 2.0 this fall, many investors are expecting another boost to stock prices. Let’s just hope this time it’s longer-lived than last October.

Pot Stocks Group Performance

Source: Yahoo Finance

Canadian Pot Stocks – Large-Cap Weekly Performance

Source: Yahoo Finance

Canadian Pot Stocks – Large-Cap YTD Performance

Source: Yahoo Finance

Canadian Pot Stocks – Mid-Cap Weekly Performance

Source: Yahoo Finance

Canadian Pot Stocks – Mid-Cap YTD Performance

Source: Yahoo Finance

Canadian Pot Stocks – Small-Cap Weekly Performance

Source: Yahoo Finance

Canadian Pot Stocks – Small-Cap YTD Performance

Source: Yahoo Finance

U.S. Pot Stocks – Large-Cap Weekly Performance

U.S. Pot Stocks – Large-Cap YTD Performance

Source: Yahoo Finance

U.S. Pot Stocks – Mid-Cap Weekly Performance

Source: Yahoo Finance

U.S. Pot Stocks – Mid-Cap YTD Performance

Source: Yahoo Finance

U.S. Pot Stocks – Small-Cap Weekly Performance

Source: Yahoo Finance

U.S. Pot Stocks – Small-Cap YTD Performance

Source: Yahoo Finance

The opinions provided in this article are those of the author and do not constitute investment advice. Readers should assume that the author and/or employees of Capital 10X hold positions in the company or companies mentioned in the article. For more information, please see our Content Disclaimer.

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