The BoC Cannabis Index closed up 2.65% on Thursday as broad ETF buying lifted nearly the entire complex, with 27 of 39 tracked names finishing higher and every cannabis ETF gaining at least 3.9%. Ayr Wellness (AYRWF) paced the universe at +30.7% — a sub-penny squeeze that exaggerates the day’s tone but fits a recurring pattern of distressed MSO names attracting speculative bids whenever sector sentiment turns.
Breadth was decisively positive: 27 advancers, 11 decliners and one flat print across the index. The ETF cohort (MSOS +5.58%, CNBS +4.02%, YOLO +4.20%, MJ +3.88%) signalled generalist money rotating back into the trade, and Canadian LPs rallied across the board. The cleanest tell was the divergence inside the US multi-state operator cohort, where several large names dropped 3–8% even as the indexes ripped — pointing to single-stock rotation rather than a uniform re-rating.
| Ticker | Price | Change ($) | Change (%) |
|---|---|---|---|
| AYRWF | $0.0132 | +$0.0031 | +30.69% |
| IXHL | $4.39 | +$0.4700 | +11.99% |
| IMCC | $0.2834 | +$0.0274 | +10.70% |
| VEXTF | $0.2309 | +$0.0202 | +9.57% |
| MAPS | $0.3600 | +$0.0300 | +9.09% |
| MO | $72.65 | +$4.45 | +6.52% |
| MSOS | $5.11 | +$0.2700 | +5.58% |
| VRNOF | $1.12 | +$0.0500 | +4.67% |
| ACB | $3.44 | +$0.1500 | +4.56% |
| TPB | $80.68 | +$3.50 | +4.53% |
| YOLO | $3.22 | +$0.1299 | +4.20% |
| STZ | $156.58 | +$6.18 | +4.11% |
| CNBS | $29.52 | +$1.14 | +4.02% |
| MJ | $27.60 | +$1.03 | +3.88% |
| ABBV | $211.32 | +$7.43 | +3.64% |
| CRON | $2.67 | +$0.0900 | +3.49% |
| SNDL | $1.36 | +$0.0450 | +3.42% |
| GRWG | $1.32 | +$0.0400 | +3.12% |
| OGI | $1.41 | +$0.0400 | +2.92% |
| IIPR | $54.25 | +$1.03 | +1.94% |
| CGC | $1.11 | +$0.0200 | +1.83% |
| HITI | $2.44 | +$0.0400 | +1.67% |
| TLRY | $6.24 | +$0.1000 | +1.63% |
| JAZZ | $203.02 | +$3.10 | +1.55% |
| VFF | $2.85 | +$0.0300 | +1.06% |
| CRBP | $9.88 | +$0.0600 | +0.61% |
| SMG | $62.70 | +$0.2800 | +0.45% |
| REFI | $11.91 | $0.00 | 0.00% |
| CBWTF | $0.1020 | $-0.0001 | -0.10% |
| CURLF | $3.27 | $-0.0260 | -0.79% |
| EEX | $4.67 | $-0.0400 | -0.85% |
| AFCG | $2.84 | $-0.0400 | -1.39% |
| JUSHF | $0.4900 | $-0.0131 | -2.60% |
| GTBIF | $7.71 | $-0.2200 | -2.77% |
| GLASF | $9.62 | $-0.3460 | -3.47% |
| TCNNF | $9.66 | $-0.4200 | -4.17% |
| CRLBF | $1.01 | $-0.0700 | -6.48% |
| AAWH | $0.5200 | $-0.0420 | -7.47% |
| IPW | $0.8740 | $-0.0773 | -8.13% |
AYRWF closed at $0.0132 on no immediate news catalyst, the kind of percentage move that sub-penny tape produces on minimal dollar flow. iPower (IPW) was the day’s worst performer at -8.13% to $0.874, with the indoor-grow ancillary giving back recent gains on no fresh corporate news. Beneath the headlines the US MSO group split sharply — Verano (VRNOF) +4.67% and Vext Science (VEXTF) +9.57% bucked the trend while Cresco Labs (CRLBF) -6.48%, Trulieve (TCNNF) -4.17% and Ascend Wellness (AAWH) -7.47% lagged. Altria (MO) +6.52% led the tobacco and CPG names that hold cannabis optionality, keeping that adjacency on investors’ radar.
HMMJ.TO was excluded from the index calculation today (data feed restriction). With ETFs and Canadian LPs catching a synchronised bid but US MSOs splintering, Friday’s read will hinge on whether the operator cohort follows the tape or remains the funding source for the rest of the trade. Track all cannabis stocks live on the Business of Cannabis Stocks Tracker.
