Below is a comparison of the biggest winners and losers in marijiuana stocks this week, grouped by market cap and country. See whether your picks are outperforming or if you need to rebalance your portfolio.
With no new market-shaking news coming from CannTrust, the overall sentiment was positive. CannTrust even managed to finish the week up 8% — though investors need to be wary of what would happen if investor-litigation is successful.
Acquisitions made by Supreme and Curaleaf helped each company perform well and likely bolstered the industry in general. Supreme strengthened their extraction capabilities and gained a foothold in the European CBD markets with their acquisition of private co. Truverra. Curaleaf increased its state footprint from 12 to 19 through its acquisition of private co. Grassroots.
The uplisting of Medipharm Labs to the TSX helped them lead the way in their mid-cap group. Investors surprisingly didn’t seem to like Aurora being the sole LP to secure a supply deal with Italy due to low price per gram terms ($2.5/gram). While ACB finished slightly up for the week, the news ended up erasing substantial mid-week gains. We think first-mover advantage can be significant — investors may not be seeing the longer-term picture here.
Pot Stocks Group Performance
Canadian Pot Stocks – Large-Cap Weekly Performance
Canadian Pot Stocks – Large-Cap YTD Performance
Canadian Pot Stocks – Mid-Cap Weekly Performance
Canadian Pot Stocks – Mid-Cap YTD Performance
Canadian Pot Stocks – Small-Cap Weekly Performance
Canadian Pot Stocks – Small-Cap YTD Performance
U.S. Pot Stocks – Large-Cap Weekly Performance
U.S. Pot Stocks – Large-Cap YTD Performance
U.S. Pot Stocks – Mid-Cap Weekly Performance
U.S. Pot Stocks – Mid-Cap YTD Performance
U.S. Pot Stocks – Small-Cap Weekly Performance
U.S. Pot Stocks – Small-Cap YTD Performance
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