3 Of 5 Cannabis Categories Advanced, Barely, During First Week Of June

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The cannabis sector consists of 5 distinct categories and they each performed quite differently from each other during the first week of June.

Below are the 5 categories that are tracked by my proprietary indices, the constituents in each index with their low/average/high market capitalizations and low/average/high stock price performances, and each category’s average stock performance during the first week of June, since the end of April, and YTD:
 

1. The Pure-Play Canadian LP Pot Stock Index

   • The Index consists of the 5 largest Canadian Licensed Producers, namely, Aurora (ACB); Canopy Growth  (CGC);  Cronos   (CRON); Organigram  (OGI) and Tilray (TLRY) which trade for at least US$1/share on the Canadian and/or American stock exchanges and have a market cap in excess of US$350M. See individual stock price change details here
     • The market capitalization of the above stocks ranged from a low of US$351M (Organigram) to a high of US$1,870M (Tilray) with an average of US$1,105M.
     • The stock prices ranged from US$1.12 (Organigram) to US$4.33 (Canopy) with an average of US$2.83/share.
   •  The Index went DOWN 7.5% during the first week of June and is now DOWN 21.9% since the end of April and DOWN 47.2% YTD. 

2. The Pure-Play American MSO Pot Stock Index

   • The Index consists of the 13 largest American Multi-State Operators, namely, Acreage (ACRDF/ACRHF); Ascend Wellness  (AAWH); Ayr Wellness (AYRWF); Columbia Care (CCHWF); Cresco  (CRLBF); Curaleaf (CURLF); Goodness Growth  (GDNSF); Green Thumb (GTBIF); Jushi (JUSHF); Planet 13 (PLNHF);  TerrAscend  (TRSSF); Trulieve  (TCNNF) and  Verano (VRNOF) which trade for at least US$1/share on the Canadian and/or American stock exchanges and have a market cap of at least US$190M. (See individual stock price change details here)
     • The market capitalization of the above stocks ranged from a low of US$215M (Goodness Growth) to a high of US$4,410M (Curaleaf) with an average of US$1,280M.
     • The stock prices ranged from a low of US$1.66 (Jushi) to US$14.64 (Trulieve) with an average of US$5.00/share.
   • The Index went UP 0.6% during the first week of June, DOWN 10.2% since the end of April and is now DOWN 44.8% YTD.

3. The Ancillary Pot Stock Index

   • The Index consists of the 7 largest companies providing goods and services to the cannabis sector, namely, AFC Gamma (AFCG);  Forian (FORA); GrowGeneration (GRWG); Hydrofarm (HYFM);  Innovative Industrial Properties (IIPR); Scotts Miracle-Gro Company (SMG) and Turning Point Brands (TPB) which trade for at least US$3/share on the Canadian and/or American stock exchanges and have a market cap of at least US$100M. See individual stock price change details here
     • The market capitalization of the 4 smallest above stocks ranged from a low of US$110M (Forian) to a high of $525M (Turning Point) and averaged $314M. The other two stocks had an average market capitalization of US$4,530M.
     • The stock prices ranged from a low of US$4.05 (Forian) to US$133.58 (Innovative).
   •  The Index went UP 0.1% during the first week of June and is now DOWN 7.1% since the end of April and DOWN 45.3% YTD. 

4. The Conservative Pot Stocks Index

   • The Index consists of 6 tobacco, beer and liquor companies that have invested heavily in the cannabis industry, namely, Altria Group (MO); Anheuser-Busch (BUD); British American Tobacco  (BTI); Constellation Brands (STZ); Imperial Brands  (IMBBY) and  Molson Coors Brewing Company (TAP). See individual stock price change details here
     • The market capitalization of the above stocks ranged from a low of US$11,620B (Molson Coors) to a high of US$100,100B (British American) with an average of US$62,073B.
     • The stock prices ranged from a low of US$22.68 (Imperial Brands) to US$243.33 (Constellation) with an average of US$78.84/share
     • All 6 constituents pay dividends with yields ranging from just 0.09% for Anheuser Busch to 6.7% for British American and Altria.
   • The Index went DOWN 1.3% during the first week of June, and is now DOWN 0.6% since the end of April but UP 1.8% YTD.

5. The Pure-Play Psychedelic Compounds-Based Stocks Index 

   • The Index consists of 6 psychedelic and marijuana (THC) drug companies in the clinical stages of research and development of treatments for a wide variety of mental illnesses, namely, Allied (ALID); Cybin (CYBN); Field Trip  (FTRP);  Numinus  (NUMIF); Seelos (SEEL) and Zynerba (ZYNE) which trade on the Canadian and/or American stock exchanges and have market caps of at least US$60M.See individual stock price change details here
     • The market capitalization of the above stocks ranged from a low of US$39.9M (Zynerba) to a high of US$128.9M (Cybin) with an average of US$68.1M.
     • The stock prices ranged from a low of US$0.29 (Numinus) to US$0.91 (Zynerba) with an average of  US$0.69/share.
   • The Index went UP 1.0% during the first week of June, and is now DOWN 12.8% since the end of April and DOWN 60.0 YTD. 

Four other companies with market caps in excess of US$300M are followed but are not included in the Index due to their size, namely, Atai  (ATAI); Compass Pathways (CMPS); GH Resources (GHRS) and Mind Medicine  (MNMD). See individual stock price change details here

• The market capitalization of the above stocks ranged from a low of US$393M (Compass Pathway) to a high of US$593M (Atai) with an average of US$495M.
  • The stock prices ranged from a low of US$1.04 (Mind Medicine) to US$10.67 (GH Resources) with an average of US$6.16/share.
  •  These 4 stocks went UP 7.3% during the first week of June, and are now collectively DOWN 14.4% since the end of April and DOWN 54.7% YTD. 

In Summary

Below is a summary of how the 5 cannabis categories performed during the first week of June, since the end of April and YTD, in descending order:

1. The Pure-Play American MSO Pot Stock Index
   • went UP 0.6% during the first week of June, and is now
   • DOWN 10.2% since the end of April and
   • DOWN 44.8% YTD.
   • See individual stock price change details here
2. The Pure-Play Psychedelic Compounds-Based Stocks Index
   • went UP 0.2% during the first week of June, and is now
   • DOWN 12.8% since the end of April and
   • DOWN 60.1% YTD.
   • See individual stock price change details here
3. The Ancillary Pot Stock Index
   • went UP 0.1% during the first week of June, and is now
   • DOWN 7.1% since the end of April and
   • DOWN 45.3% YTD.
   • See individual stock price change details here
4. The Conservative Pot Stocks Index 
   • went DOWN 1.3% during the first week of June, and is now
   • DOWN 0.6% since the end of April but is still
   • UP 1.8% YTD.
   • See individual stock price change details here
5. The Pure-Play Canadian LP Pot Stock Index
   • went DOWN 7.5% during the first week of June, and is now
   • DOWN 21.9% since the end of April and
   • DOWN 47.2% YTD.
   • (See individual stock price change details here)