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.
The High Level
Overall the HMMJ index fell 5.4%, across fairly consistent losses from the different groups.
The biggest newsmakers this week, U.S. retailers MedMen, took a substantial hit in their stock price, dropping approximately 18%. This was on the back of shaky financial results and the possibility of a liquidity crisis.
As one of the first big companies to scale back an acquisition, Curaleaf took a hit of over 12% this week. They announced that the terms for the acquisition of the Select brand had been reduced due to changes in market conditions. Surprisingly the change was in Curaleaf’s favour, reducing the all-share deal from 95.5 million shares to 55 million shares, with the additional 40.5 million shares contingent on performance.
On a positive note, Liberty Health Sciences had a solid week with nearly a 20% pop, on the back of solid Q2 financial results. They grew revenues while generating net income and increasing cash on hand — they are in an excellent position at a time when growth capital has dried up.
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
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.