Investors/speculators who have bought Canadian Licensed Producer (LP) cannabis stocks this year have seen their holdings decline 5.2%, on average, this week (down 45% YTD), as represented by munKNEE’s Canadian Cannabis LP Stocks Index. A further sell-off over the next 2 weeks is a distinct possibility as investors sell their losers (called tax-loss selling) so they can offset their gains from other investments.Below are the performances of the 5 largest Canadian cannabis LPs this week, in descending order, and YTD:
In SummaryThe munKNEE Canadian Cannabis LPs Index went down 5.2% this week and is now down 44.9% YTD. More By This Author:These 6 AI-Capable PC Stocks Should Rise Considerably In 2024/25
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