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Cannabis LP Stocks Were +6% Last Week Vs. -10% The Previous Week

Sep 15, 2024Finance, No picture0

person holding white flower during sunsetImage Source: UnsplashIntroductionThe Canadian Cannabis LP Stocks Portfolio bounced back from a 10% decline the previous week (w/e Sept. 6th) as the negative sentiment waned surrounding the DEA’s announcement that it would be having a December 2nd hearing to consider additional opinions on the Justice Department’s proposal that cannabis be re-classified to that of a Schedule III drug under the Controlled Substances Act,

Our Canadian Cannabis LP Portfolio
Here’s what happened last week, in descending order, for the 5 largest Canadian Licensed Producers and for the previous 2 weeks:

  • Tilray Brands (TLRY):

    • UP 7.4% w/e Sept. 13th
    • DOWN 5.3% w/e Sept. 6th
    • DOWN 11.4% w/e August 30th
  • Aurora Cannabis (ACB):

    • UP 7.0% w/e Sept. 13th
    • DOWN 11.0% w/e Sept. 6th
    • DOWN 6.6% w/e August 30th
  • Canopy Growth (CGC):

    • UP 6.9% w/e Sept. 13th
    • DOWN 14.0% w/e Sept. 6th
    • DOWN 16.1% w/e August 30th
  • Organigram (OGI):

    • UP 6.9% w/e Sept. 13th
    • DOWN 5.4% w/e Sept. 6th
    • DOWN 8.4% w/e August 30th
  • Cronos Group (CRON):

    • UP 2.3% w/e Sept. 13th
    • DOWN 5.7% w/e Sept. 6th
    • DOWN 3.0% w/e August 30th

    • Summary
     The Canadian Cannabis LP Stocks Portfolio went UP 6.4% last week vs. going DOWN 10.0% w/e Sept. 6th and DOWN  9.1% w/e August 30th. The Portfolio is now UP 4.1% YTD.More By This Author:Our Quantum Computing Portfolio Was -9.8% Week-Ending September 6th
    Our Computer Chips-Related Portfolio Was -12% Week-Ending Sept. 6th
    Our Small Cap AI Portfolio Was -10% Week-Ending Sept. 6th

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