The Ubika Marijuana Stock Index slipped since our last report along with most of the Canadian cannabis sector
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The Ubika Marijuana 20 Index declined significantly since our last report dated January 15, 2018, down 12%, underperforming the TSXV Index and remaining in-line with the Horizons Marijuana Life Sciences Index, which were down 8%, and 12%, respectively. Notable performers in this report include:
- ICC Labs (TSXV:ICC), which rose 2% following the Company’s Colombia expansion.
- Tinley Beverage Company (CSE:TNY), which slid 30% in tandem with the overall market decline, despite the Company’s new production facility.
- WeedMD (TSXV:WMD), which fell 30% along with the rest of the sector, despite rapid expansion and a joint venture with Phivida Holdings (CSE:VIDA).
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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