Capital 10X – Pot Stocks Weekly Performance Wrap (November 8th, 2019)

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, this was a solid week for PotStocks leading into an insane earnings blitz next week. The index was up just under 3% week to date, however, is still down over 20% year to date.

There was a mixed bag of results, with some companies like Supreme and Flwr up over 20% and Trulieve up over 10% while other companies like SOL down more than 25%.

In large caps, Canopy led the way with a 9% gain on the back of a great deal with Drake (though not such a great deal FOR Drake). Notably, OGI was up over 8% on the week, making them the only large LP to remain even on the year.

While Vireo Health was flat on the week despite big moves after naming Bruce Linton their executive chairman.

As 2019 Q3 results pour in, investors will get an updated look at companies’ operations and financial position leading to the end of the year. With fears of tax-loss selling and write-offs on investors’ minds, this will be crucial information for investors to find the companies that can break the downward trend.

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

Source: Yahoo Finance.

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.

Evan Veryard
Evan Veryard has a Bachelor's of Chemical Engineering from McGill University and a MaSc. of Chemical Engineering from RMC. He has over 6 years of research experience focusing on industrial materials. Address: 682 Indian Road, Toronto, Ontario, M6P 2C9. Phone: 416-721-8257.

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