Canadian Cannabis Producer Stocks Soar 27% in January – New Cannabis Ventures

The Canadian Cannabis LP Index started 2021 strongly, advancing 26.7% to 348.75:

The index, which rallied 22.1% in Q4 but still fell 30.1% in 2020, is down 8.6% over the past year :

It remains substantially below the all-time closing high of 1314.33 in September 2018, just ahead of Canadian legalization. In March, it posted a new 52-week closing low of 196.10, a level not seen since late 2016, and it closed 77.8% above that level at the end of January:

The Canadian Cannabis LP Index, which is rebalanced monthly, included 34 qualifying publicly traded licensed producers that traded in Canada at the end of December, with equal weighting for each stock. Each of the members was also included in a sub-index, with 4 in the Canadian Cannabis LP Tier 1 Index, 11 in the Canadian Cannabis LP Tier 2 Index and 19 in the Canadian Cannabis LP Tier 3 Index during the month. At the end of June, we revised the rules for inclusion, requiring companies to have a price of at least C$0.20 unless they are generating at least C$2.5 million quarterly from their cannabis production operation.

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