RE:RE:Down DraftNo idea. The usual suspects, as you no doubt know, apply to the whole sector, i.e., fear, short selling, negative sector sentiment. Maybe speculation that OGI will be next to cut staff? People often jump on and off wagons (or Teslas) for no reason other than the next guy is doing it. On the upside, Swiss National Bank opened a new position in OGI, purchasing 299,900 shares ($736,000 USD) per 13-F filed 12-31-2019:
https://fintel.io/so/us/ogrmf/swiss-national-bank
Swiss National Bank ownership in OGRMF / Organigram Holdings, Inc.
February 06, 2020 - Swiss National Bank has filed a 13F-HR form disclosing ownership of 299,900 shares of Organigram Holdings, Inc. (OTC:OGRMF) with total holdings valued at $736,000 USD as of December 31, 2019.
Granted, SNB has a portoflio valued at +97B, so 736k is less than a drop in the proverbial bucket. And they do own several other LPs.
https://www.bloomberg.com/news/articles/2020-02-06/snb-s-u-s-equity-portfolio-hits-record-97-5-billion
Other Canadian LPs held by SNB:
Swiss National Bank reports 4.36% decrease in ownership of CGC / Canopy Growth Corporation
February 06, 2020 - Swiss National Bank has filed a 13F-HR form disclosing ownership of 733,100 shares of Canopy Growth Corporation (NYSE:CGC) with total holdings valued at $15,399,000 USD as of December 31, 2019. Swiss National Bank had filed a previous 13F-HR on November 12, 2019 disclosing 766,500 shares of Canopy Growth Corporation at a value of $17,564,000 USD. This represents a change in shares of -4.36 percent and a change in value of -12.33 percent during the quarter.
Swiss National Bank reports 4.68% decrease in ownership of CRON / Cronos Group Inc.
February 06, 2020 - Swiss National Bank has filed a 13F-HR form disclosing ownership of 649,400 shares of Cronos Group Inc. (NASDAQ:CRON) with total holdings valued at $4,980,000 USD as of December 31, 2019. Swiss National Bank had filed a previous 13F-HR on November 12, 2019 disclosing 681,300 shares of Cronos Group Inc. at a value of $6,157,000 USD. This represents a change in shares of -4.68 percent and a change in value of -19.12 percent during the quarter.
Swiss National Bank reports 1.51% increase in ownership of APHA / Aphria Inc.
February 06, 2020 - Swiss National Bank has filed a 13F-HR form disclosing ownership of 458,100 shares of Aphria Inc. (NYSE:APHA) with total holdings valued at $2,389,000 USD as of December 31, 2019. Swiss National Bank had filed a previous 13F-HR on November 12, 2019 disclosing 451,300 shares of Aphria Inc. at a value of $2,344,000 USD. This represents a change in shares of 1.51 percent and a change in value of 1.92 percent during the quarter.
Swiss National Bank reports 6.66% increase in ownership of HEXO / HEXO Corp.
February 06, 2020 - Swiss National Bank has filed a 13F-HR form disclosing ownership of 443,800 shares of HEXO Corp. (NYSE:HEXO) with total holdings valued at $707,000 USD as of December 31, 2019. Swiss National Bank had filed a previous 13F-HR on November 12, 2019 disclosing 416,100 shares of HEXO Corp. at a value of $1,643,000 USD. This represents a change in shares of 6.66 percent and a change in value of -56.97 percent during the quarter.
Swiss National Bank reports 4.03% increase in ownership of TLRY / Tilray, Inc.
February 06, 2020 - Swiss National Bank has filed a 13F-HR form disclosing ownership of 46,500 shares of Tilray, Inc. (NASDAQ:TLRY) with total holdings valued at $797,000 USD as of December 31, 2019. Swiss National Bank had filed a previous 13F-HR on November 12, 2019 disclosing 44,700 shares of Tilray, Inc. at a value of $1,106,000 USD. This represents a change in shares of 4.03 percent and a change in value of -27.94 percent during the quarter.