THis doesn’t help. The four worst performing stocks included Charlotte’s Web (TSX: CWEB)(OTC: CWBHF) Vireo Health (CSE: VREO) (OTC: VREOF), CV Sciences (OTC: CVSI) and TILT Holdings (CSE: HARV) (OTC: HRVSF). Charlotte’s Web and CV Sciences were also among the weakest performing stocks in June, as the CBD space remains under pressure. Both stocks are down substantially year-to-date, with Charlotte’s Web declining 54.5% and CVSI off 37.5%. During July, CV Sciences announced its first non-CBD product. Vireo Health, which is down 44.6% in 2020, saw selling pressure following the expiration of the lock-up of shares from its March private placement. TILT Holdings reported its Q1 financials in July.
For August, the number of names in the index will will increase to 17 with the removal of TILT Holdings, which we have included inadvertently (the majority of its revenue is from ancillary businesses), the return of 4Front (CSE: FFNT) (OTC: FFNTF) and the first-time inclusion of Jushi Holdings (CSE: JUSH) (OTC: JUSHF). We interviewed Jushi CEO Jim Cacioppoearlier this year.