Image Source: The Canadian Cannabis Report- Monday, Jan. 15For the trading week that ended January 12, 2024, my proprietary Canadian Cannabis Company Index (MCCCI) decreased by 7.4% compared to the prior week when it increased by 4.6%. The index consists of 14 stocks, many of which are among the most widely held holdings of the 3 ETFs (, , and ) that I consider to be a reliable barometer of the Canadian cannabis sector. MCCCI’s differentiated business model is both weighted and market capitalization-based because I believe that this approach best represents the current landscape of the Canadian cannabis sector. Now let us look at this week’s good, bad, and ugly stocks, shall we?The GoodThere was one stock that increased by more than 10%, which is my metric for inclusion in this category: 21.6%. OrganiGram Holdings Inc. is the favorite cannabis stock of , a leading industry spokesman.The BadThere was 1 stock that decreased by more than 10% (but less than 20%) which is my metric for inclusion in this category: -18.9%. Tilray Brands, Inc. has recently pivoted to beverages which is my biew is not a game-changer.The UglyThere were no stocks that decreased by 20% or more, which is my metric for inclusion in this category.Valuation Metric ReviewThere was an 8.0% decrease in the “Big Four” (3 of which decreased) compared to the prior week when there was a 6.0% increase. RecapThere was a 4.9% increase in the relative strength index compared to the prior week when there was no change (initially incorrectly reported). 5 of the 14 MCCCI stocks increased,. Let us see how this volatile sector has performed at the same time next week, shall we?More By This Author:
The Canadian Cannabis Report- Monday, Jan. 15
