The Ubika Marijuana Stock Index slipped since our last report along with most of the Canadian cannabis sector
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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