Canadian Marijuana Stocks Climb as Bill C-45 Receives Royal Assent

Patrick Smith | Analyst | Ubika Research | | 1 (647) 444-5506
Maxim Medvedev | Associate | Ubika Research | | | 1 (647) 936-6692

The Ubika Marijuana 25 Index of Canadian marijuana stocks continues to outperform year over year

Ubika Marijuana 25 Index May 11, 2018 - July 6, 2018

UMJ25 -1.5% (166.5% Y/Y)

TSX-V: -5.2% (-1.5% Y/Y)

HMMJ: 4.7% (116.8% Y/Y)

Dollar amounts in CAD unless otherwise stated.

Top Volume Gainers (30D/30D)

The Ubika Marijuana 25 Index has fallen slightly since our last report dated May 14, 2018, easing 1.5%. However, the index outperformed the TSXV Index, which fell by 5.2% over the same period. Notable performers in this report include:

  1. Canopy Growth Corporation (TSX:WEED), which surged 21% as Bill C-45 received Royal Assent. This appeared to solidify WEED dominant position in the market.
  2. Aurora Cannabis Inc. (TSX:ACB), which jumped 23% following numerous synergistic acquisitions and the upcoming completion of the MedReleaf acquisition.

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