Our marijuana stock bubble index of Canadian marijuana stocks has climbed 11% in about six weeks
The Ubika Marijuana Stock Bubble Index increased 11% since our last report dated June 26, 2017, outperforming the TSX-V, which declined 1.5% over the same period. Its performance can be attributed to improved fundamentals, as many marijuana companies have reported better-than-expected earnings that pleased investors. Improved fundamentals are obviously a positive sign, as investors have larger expectations for marijuana companies, and seeing them meet performance expectations has surely pleased investors.
Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.
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