4 Out Of 5 Cannabis Category Indexes Improved Last Week

Image Source: Unsplash

The 5 categories in the cannabis sector performed quite differently week to week. Below is a summary of how each category performed last week, in descending order, in the last 3 weeks and since the end of August (i.e. 7 weeks):

1. The American Cannabis MSOs Index was UP 14.4% last week, UP 28.6% in the last 3 weeks and DOWN 13.9% in the last 7 weeks
   • The Index consists of the 12 largest American Multi-State Operators, namely, Acreage (ACRDF/ACRHF); Ascend Wellness (AAWH); Ayr Wellness (AYRWF); Columbia Care (CCHWF); Cresco (CRLBF); Curaleaf (CURLF); 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$200M.
   • Read Major American Cannabis MSOs Up 14.4% This Week which details the performance of each of the constituents last  week.
2. The Canadian Cannabis LPs Index was UP 4.5% last week, UP 2.6% in the last 3 weeks and DOWN 13.3% in the last 7 weeks
   • 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$250M.
   • Read  Largest Canadian Cannabis LPs Advanced 4.5% This Week  that details the performance of each of the constituents last week.
3. The Ancillary Pot Stock Index was UP 2.8% last week, UP 4.7% in the last 3 weeks and DOWN 8.7% in the last 7 weeks
   • The Index consists of the 7 largest companies providing goods and services to the cannabis sector, namely, AFC Gamma  (AFCG); Forian (FORA);  Hydrofarm (HYFM); GrowGeneration (GRWG); 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.
4. The Conservative Pot Stocks Index was UP 1.2% last week, UP 1.5% in the last 3 weeks and DOWN 5.6% in the last 7 weeks
   • 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) and they all pay dividends with yields ranging from just 1.0% for Anheuser Busch to 8.6% for Altria and average out at 3.2%.
5. The Pure-Play Psychedelic Compounds-Based Stocks Index was DOWN 4.6% last week, DOWN 10.6% in the last 3 weeks and DOWN 45.5% in the last 7 weeks
   • The Index consists of 8 psychedelic compound-based 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); Atai (ATAI); Seelos (SEEL), Compass Pathway (CMPS); Mind Medicine (MNMD); GH Resources (GHRS) and Zynerba (ZYNE)  which trade on the Canadian and/or American stock exchanges and have market caps of at least US$50M.
   • Read Major Psychedelic Stock Downward Trend Continues that details the performance of each of the constituents.

In summary, the 5 cannabis/cannabis-related company stock category performances ranged from:

• +14.4% to -4.6% last week, and are now
• +28.6% to -10.6% in the past 3 weeks and
• -5.6% to -45.5 in the past 7 weeks,

depending on the category.

To put things in perspective, the S&P 500 was UP 4.7% last week, UP 4.66% in the last 3 weeks and DOWN 4.4% in the last 7 weeks.

---

More By This Author:

Major Psychedelic Stock Downward Trend Continues
Largest Canadian Cannabis LPs Advanced 4.5% This Week
Major American Cannabis MSOs Up 14.4% This Week