Each of the members was also included in a sub-index, with 4 in the Canadian Cannabis LP Tier 1 Index, 8 in the Canadian Cannabis LP Tier 2 Index and 12 in the Canadian Cannabis LP Tier 3 Index during the month.
Tier 1, which included the LPs that are generating cannabis-related sales of at least C$30 million per quarter, rose 10.9% to 279.48 in March.
Tier 2, which included the LPs that generate cannabis-related quarterly sales between C$7.5 million and C$30 million, fell 5.9% to 226.05. In 2021, it lost 17.1%, closing at 267.36, and it is down 15.5% thus far in 2022.
Tier 3, which included the 12 qualifying LPs that generate cannabis-related quarterly sales of C$2.5-C$7.5 million, fell 3.8% as it closed at 41.05.