Below is a comparison of the biggest winners and losers in potstocks this week, grouped by market cap and country. See whether your picks are outperforming or if you need to rebalance your portfolio.
CannTrust was hammered this week after news of their illegal grow-op broke and warning signs are starting to point to a possible license suspension or revocation.
Unfortunately, this dragged the rest of the industry down with them.
While companies’ sales would likely benefit from reduced supply and new patient sign-ups, investor confidence is clearly shaken. With this news coming only one week after the industry bellwether, Canopy Growth, ousted their CEO, the industry will need some seriously good news to get back on the right track.
Also notable in the first edition of the potstocks weekly wrap is the performance of the U.S. MSOs relative to Canadian cannabis companies. With so much talk of money flooding to the U.S. players, some may find it surprising to see them underperforming relative to their peers north of the border.
Potstocks Group Performance
Canadian Potstocks – Large-Cap Weekly Performance
Canadian Potstocks – Large-Cap YTD Performance
Canadian Potstocks – Mid-Cap Weekly Performance
Canadian Potstocks – Mid-Cap YTD Performance
Canadian Potstocks – Small-Cap Weekly Performance
Canadian Potstocks – Small-Cap YTD Performance
U.S. Potstocks – Large-Cap Weekly Performance
U.S. Potstocks – Large-Cap YTD Performance
U.S.Potstocks – Mid-Cap Weekly Performance
U.S. Potstocks – Mid-Cap YTD Performance
U.S. Potstocks – Small-Cap Weekly Performance
U.S. Potstocks – Small-Cap YTD Performance
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