The latest results are in, and Australia’s listed cannabis sector hasn’t escaped the carnage on global stock markets over the past couple of weeks.

Of the 32 companies tracked by Stockhead, 16 posted a loss with nine witnessing double-digit falls. There were seven winners over the week while nine stocks were unchanged.

But on a weekly basis, the sector has steadied slightly from the previous week when virus fears first took hold, and no less than 25 stocks on the list lost ground.

While local cannabis plays continue to chip away at expanding market share in the medicinal space, last year’s global cannabis bear market is likely to still be fresh on the minds of stock investors amid the ongoing pivot away from risk assets.

Below is a summary of weekly and annual price performance for ASX-listed cannabis stocks.

Scroll or swipe to reveal table. Click headings to sort.

Ticker Name Price (I) 1 Year % Return 1 Week % Return Market Cap
EN1 ENGAGE:BDR LTD 0.019 0.0% 16.7% $14.0M
WOA WIDE OPEN AGRICULTURE LTD 0.14 -27.8% 8.3% $8.5M
APH AUSTRALIAN PRIMARY HEMP LTD 0.135 -25.0% 8.0% $9.0M
THC THC GLOBAL GROUP LTD 0.34 -32.0% 6.1% $43.6M
MXC MGC PHARMACEUTICALS LTD 0.027 -32.5% 3.8% $35.1M
LSH LIFESPOT HEALTH LTD 0.04 -51.5% 3.1% $2.9M
SUD SUDA PHARMACEUTICALS LTD 0.058 -38.9% 1.8% $8.4M
IDT IDT AUSTRALIA LTD 0.13 -12.9% 0.0% $28.4M
YPB YPB GROUP LTD 0.003 -64.7% 0.0% $5.1M
EVE EVE INVESTMENTS LTD 0.005 0.0% 0.0% $13.7M
RNO RHINOMED LTD 0.15 0.0% 0.0% $25.4M
CP1 CANNPAL ANIMAL THERAPEUTICS 0.125 4.2% 0.0% $11.2M
EXL ELIXINOL GLOBAL LTD 0.44 -86.3% 0.0% $54.5M
BDA BOD AUSTRALIA LTD 0.23 -46.2% 0.0% $21.0M
ESE ESENSE-LAB LTD-CDI 0.008 -63.6% 0.0% $1.1M
MMJ MMJ GROUP HOLDINGS LTD 0.105 -60.0% 0.0% $19.5M
PAL PALLA PHARMA LTD 0.815 -13.0% -3.0% $100.8M
AGH ALTHEA GROUP HOLDINGS LTD 0.285 -20.5% -4.6% $65.3M
CAN CANN GROUP LTD 0.9 -50.3% -4.6% $121.1M
SCU STEMCELL UNITED LTD 0.013 -38.1% -7.1% $7.7M
IHL IMPRESSION HEALTHCARE LTD 0.051 163.2% -9.1% $32.2M
RGI ROTO-GRO INTERNATIONAL LTD 0.09 -61.5% -9.1% $16.4M
CAU CRONOS AUSTRALIA LTD 0.13 -74.0% -9.7% $19.3M
ZLD ZELIRA THERAPEUTICS LTD 0.045 -24.1% -10.2% $39.9M
MDC MEDLAB CLINICAL LTD 0.25 -35.9% -10.7% $51.3M
BOT BOTANIX PHARMACEUTICALS LTD 0.082 -33.9% -11.6% $70.0M
CPH CRESO PHARMA LTD 0.085 -78.5% -13.0% $16.6M
ECS ECS BOTANICS HOLDINGS LTD 0.033 -65.0% -14.6% $18.3M
AC8 AUSCANN GROUP HOLDINGS LTD 0.23 -44.6% -14.8% $66.6M
EOF ECOFIBRE LTD 2.25 125.0% -15.7% $721.2M
CGB CANN GLOBAL LTD 0.01 -73.0% -16.7% $31.6M
ROO ROOTS SUSTAINABLE AGRICULTURE - CDI 0.026 -72.1% -17.2% $3.3M

The end of February marks the end of December reporting season. And among the double-digit losers in percentage terms, a number of falls appeared to be driven by poor market reactions to half-year and full-year reports.

But while Australia’s cannabis sector is yet to turn around its fortunes from the broader market selloff, some analysts are still optimistic about the year ahead.

Cannabis research firm FreshLeaf Analytics is forecasting sales of medicinal cannabis in the local market will triple in 2020 and reach $150m.

It also expects to see an important regulatory development, where certain Cannabidiol (CBD) products will be approved for over-the-counter sales at pharmacies.

And last week Mark Bernberg, the Sydney-based cofounder of cannabis investment firm The Green Fund, highlighted three ASX-listed cannabis biotechs that he says are positioned for further growth.