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

By Kurt Osterberg · On September 15, 2024

Image 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