The BoC Cannabis Index eked out a 0.61% gain on Friday, but the green print masked a defensive tape: 23 of 38 tracked names fell while only 13 advanced. A handful of outsized winners — WM Technology, AFC Gamma and Turning Point Brands — pulled the equal-weighted average higher, while every cannabis ETF and most large operators traded lower into the weekend. The disconnect between a positive index and clearly negative breadth is the day’s most useful signal.
Breadth told the truer story. Each of the four sector ETFs — MSOS (-0.57%), MJ (-0.74%), YOLO (-1.63%) and CNBS (-1.58%) — closed in the red, signalling broad-based outflows from the cannabis basket rather than discretionary stock picking. Among US multi-state operators the picture was split, with TCNNF and GTBIF dragging while CURLF (+3.26%) and JUSHF (+2.76%) managed gains. Canadian LPs were uniformly weak, with ACB, TLRY, CGC and CRON all falling more than 1.7%, and ancillaries told a similar story away from TPB’s outlier print. Big-tobacco-and-alcohol adjacencies STZ, MO and ABBV all finished modestly lower, suggesting the sell pressure was not specific to plant-touching risk.
| Ticker | Price | Change ($) | Change (%) |
|---|---|---|---|
| MAPS | $0.4000 | +0.0504 | +14.42% |
| AFCG | $3.0900 | +0.3200 | +11.55% |
| TPB | $90.2200 | +8.9600 | +11.03% |
| AYRWF | $0.0133 | +0.0006 | +4.72% |
| EEX | $4.8000 | +0.2000 | +4.35% |
| GRWG | $1.4200 | +0.0500 | +3.65% |
| GLASF | $9.8400 | +0.3400 | +3.58% |
| CURLF | $3.9320 | +0.1240 | +3.26% |
| JUSHF | $0.5396 | +0.0145 | +2.76% |
| VFF | $2.7600 | +0.0700 | +2.60% |
| IMCC | $0.2616 | +0.0051 | +1.99% |
| AAWH | $0.5799 | +0.0094 | +1.65% |
| SNDL | $1.4500 | +0.0100 | +0.69% |
| CRLBF | $1.1000 | +0.0000 | +0.00% |
| HITI | $2.4900 | +0.0000 | +0.00% |
| CRBP | $10.8700 | -0.0500 | -0.46% |
| MSOS | $5.2400 | -0.0300 | -0.57% |
| JAZZ | $226.9600 | -1.6100 | -0.70% |
| OGI | $1.3800 | -0.0100 | -0.72% |
| MJ | $27.7543 | -0.2057 | -0.74% |
| SMG | $62.3400 | -0.5100 | -0.81% |
| CBWTF | $0.1015 | -0.0010 | -0.98% |
| ABBV | $202.7100 | -2.3200 | -1.13% |
| STZ | $150.2500 | -2.0400 | -1.34% |
| CNBS | $30.0927 | -0.4821 | -1.58% |
| MO | $69.0400 | -1.1300 | -1.61% |
| YOLO | $3.1900 | -0.0527 | -1.63% |
| TLRY | $5.6600 | -0.1000 | -1.74% |
| CGC | $1.1300 | -0.0200 | -1.74% |
| CRON | $2.5700 | -0.0500 | -1.91% |
| IIPR | $56.5900 | -1.1100 | -1.92% |
| IXHL | $4.8000 | -0.1100 | -2.24% |
| IPW | $0.8100 | -0.0210 | -2.53% |
| VEXTF | $0.2460 | -0.0070 | -2.77% |
| GTBIF | $8.1000 | -0.2400 | -2.88% |
| ACB | $3.4300 | -0.1100 | -3.11% |
| TCNNF | $9.3100 | -0.4800 | -4.90% |
| REFI | $11.6200 | -0.6300 | -5.14% |
MAPS led the tape with a 14.42% surge to $0.40 on no immediate news catalyst — a meaningful pop for the embattled Weedmaps parent that has traded as a sub-dollar name for most of the year. AFCG (+11.55%) and TPB (+11.03%) rounded out a winners list dominated by ancillaries and capital providers rather than plant-touching operators. On the downside, Chicago Atlantic Real Estate Finance (REFI) led losers at -5.14% on no immediate news catalyst, with Trulieve (TCNNF -4.90%) and Aurora Cannabis (ACB -3.11%) close behind. Note: VRNOF and HMMJ.TO are part of the tracked universe but were excluded today — VRNOF returned no print, and HMMJ.TO sits behind a Finnhub paid tier.
With cohort-level weakness in ETFs and Canadian LPs against a handful of stretched winners, the day reads less like a genuine sector rally and more like a few idiosyncratic squeezes carrying the headline number into the weekend. Track all cannabis stocks live on the Business of Cannabis Stocks Tracker.
