Aurora Beats Tilray As Best Performer Among Canadian Cannabis LPs In October As Stocks Plunge 9.5%
Aurora Beats Tilray As Best Performer Among Canadian Cannabis LPs In October As Stocks Plunge 9.5%
Canadian Cannabis LP Index is on a losing spree for the fourth month, after a 9.5% drop in October to 238.48, New Cannabis Ventures reports.
After a 1% gain in June, the index retreated nearly 27% in the third quarter.
The index, which dropped 30.1% in the last year to end at 275.16, grew by 2.0% over 2021. However, year-to-date, it is down 13.3%.
Moreover, the index remains well below its all-time closing high of 1314.33 in Sept. 2018. After posting a new 52-week closing low of 196.10 in March 2020, it closed 21.6% above that level at the end of the previous month.
The index includes 39 qualifying publicly traded cannabis companies that traded in Canada at the end of September. The companies are divided into three sub-indexes, including Canadian Cannabis LP Tier 1 Index (4 companies), Canadian Cannabis LP Tier 2 Index (15 companies), and Canadian Cannabis LP Tier 3 Index (20 companies).
The index, which is rebalanced each month, requires companies to have a price of at least CA$0.20 ($0.16) unless they are generating at least CA$2.5 million quarterly from their cannabis production operations.
Tier 1
The three largest Canadian LPs, by revenue that generate at least CA$25 million per quarter include are Aurora Cannabis (TSX:ACB) (NASDAQ:ACB), which was the best performer at -6%, followed by Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) and Tilray Inc (TSX:TLRY) (NASDAQ:TLRY) which both dropped 11% in October.
Aurora's shares traded 3.63% lower, closing at $6.63 per share on Friday afternoon. In the meantime, analysts like BofA's Heather Balsky and Cantor Fitzgerald's Pablo Zuanic have been exploring what might drive the company's value most.
Village Farms International, Inc. (TSX:VFF) (NASDAQ:VFF), based in Vancouver, British Columbia, was the fourth company to enter the group. Over the last five years, Village Farms' stock has outperformed some of the most popular stocks globally, including Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AAPL), Netflix (NASDAQ:NFLX) and Facebook. (NASDAQ:FB).
In October, Tier 1 declined 93.9% to 423.95. Year-to-date, it plunged 13.3% from 488.96 at the end of 2020.
Tier 2
After losing 35.9% in 2020, the Canadian Cannabis LP Tier 2 Index closed at 365.19, only to continue dropping by 2.5% in 2021.
Hexo Corp's (TSX:HEXO) (NASDAQ:HEXO) and The Valens Company Inc.'s (TSX:VLNS) (OTCQX:VLNCF) were the worst performers within the Tier 2 companies, with their sock declining by 22% and 20%, respectively in October. However, the worst might be over for HEXO's stock, according to Zuanic. On Friday, the company reported a net loss of roughly CA$68 million in the fourth quarter of fiscal 2021 and net sales of CA$38.7 million.
Among 15 qualifying companies with cannabis-related quarterly sales between C$5 million and C$25 million, VIVO Cannabis Inc. (TSX:VIVO) (OTCQX:VVCIF) and Decibel Cannabis Company Inc. (TSXV:DB) (OTC:DBCCF) were the only Tier 2 names to post gains.
Tier 3
Tier 3, which included the 20 qualifying LPs that report cannabis-related quarterly sales below C$5 million, fell 8.7% as it closed at 53.12. After ending at 66.59 in 2020, it is down 20.2% year-to-date.
Nextleaf Solutions Ltd. (CSE:OILS) (OTC:OILFF) is emerging as the strongest player, for the second consecutive month, while Bevcanna Enterprises Inc. (CSE:BEV) (OTC:BVNNF) was the worst performer in the group with its stock falling 26% over the past month.
Returns for the overall sector varied greatly, with three names posting double-digit gains and seven declining by more than 20%.
Photo: Courtesy of energepic.com from Pexels
加拿大大麻LP指數繼10月份下跌9.5%至238.48點後,連續第四個月下跌,New Cannabis Ventures報道。
在.之後6月份上漲1%,第三季度回落近27%.
該指數,去年下降了30.1%,收於275.16, 比2021年增長2.0%。然而,今年到目前為止,它已經下跌了13.3%.
此外,該指數仍遠低於9月1日創下的1314.33點的歷史收盤高點。2018年。在2020年3月創下52周收盤新低196.10點後,該指數在前一個月底收盤時較該水平高出21.6%。
該指數包括39家符合條件的上市大麻公司9月底在加拿大交易的股票。這些公司是分為三個子指數,包括加拿大大麻LP Tier 1指數(4家公司)、加拿大大麻LP Tier 2指數(15家公司)和加拿大大麻LP Tier 3指數(20家公司)。
該指數每個月都會重新平衡,要求公司的價格至少為0.20加元(0.16美元),除非他們的大麻生產業務每季度至少產生250萬加元的收入。
第1層
這個三家加拿大最大的有限合夥人,按收入計算,每季度至少產生2500萬加元包括極光大麻(多倫多證券交易所股票代碼:ACB)(納斯達克:ACB),這是-6%的最佳表現,然後是樹冠生長公司(多倫多證券交易所股票代碼:WIDD)(納斯達克:cgc)和Tilray公司(多倫多證券交易所股票代碼:TLRY)(納斯達克:TLRY)兩者在10月份都下降了11%.
週五下午,Aurora的股價下跌3.63%,收於每股6.63美元。與此同時,像美國銀行的希瑟·巴爾斯基和坎託·菲茨傑拉德的巴勃羅·祖阿尼克這樣的分析師一直在探索什麼可能是公司價值的最大驅動力。
國際鄉村農場公司。多倫多證券交易所股票代碼:vff)(納斯達克股票代碼:vff),總部設在不列顛哥倫比亞省温哥華,第四家加入該集團的公司。在過去五年中,鄉村農場的股票表現超過了包括微軟在內的一些全球最受歡迎的股票(納斯達克:微軟)、蘋果(納斯達克:蘋果),Netflix(納斯達克:nflx)還有臉書。(納斯達克:fb).
在10月份,一級市場下跌93.9%,至423.95家。年初至今,該指數較2020年底的488.96暴跌13.3%.
第2層
輸了之後2020年35.9%,加拿大大麻LP Tier 2指數收於365.19點,只是在2021年繼續下降2.5%。
HEXO公司的多倫多證券交易所股票代碼:HEXO)(納斯達克股票代碼:HEXO)和瓦倫斯公司的(多倫多證券交易所:VLNS)(OTCQX:VLNCF)是二線公司中表現最差的公司,10月份他們的襪子分別下降了22%和20%。然而,根據Zuanic的説法,對HEXO的股票來説,最糟糕的時期可能已經過去。星期五,該公司報告稱,2021財年第四季度淨虧損約6800萬加元,淨銷售額為3870萬加元。
在15家符合條件的公司中,與大麻相關的季度銷售額在500萬加元至2500萬加元之間,VIVO大麻公司(多倫多證券交易所:vivo)(OTCQX:VVCIF)和分貝大麻公司。(TSXV:DB)(場外交易:DBCCF)是唯一公佈漲幅的二級公司。
第3層
第三級、其中包括20家報告大麻相關季度銷售額低於500萬加元的合格有限合夥人,收盤時下跌8.7%,報53.12點。在2020年收於66.59點後,今年迄今已下跌20.2%。
下一葉解決方案有限公司(CSE:OIL)(場外交易:OILFF)是連續第二個月成為最強大的參與者,而Bevcanna Enterprise Inc.(CSE:BEV)(場外交易:BVNNF)是該集團中表現最差的,其股價在過去一個月裏下跌了26%。
整個行業的回報率差異很大,其中三家公司的回報率實現了兩位數的增長,七家公司的跌幅超過20%。
圖片:由Pexels的energepic.com提供
譯文內容由第三人軟體翻譯。
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