Cannabis Category Performances Ranged From +8.6% To -7.0% This Week

The 5 categories in the cannabis sector perform quite differently from each other and below is a summary of how each category has performed during the week ending March 25, 2023, in descending order:

The Psychedelic Drug Stocks Index: UP 8.6%
- The Index consists of 7 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 Cybin (CYBN); Atai (ATAI); Seelos (SEEL), Compass Pathway (CMPS); Mind Medicine (MNMD), GH Resources (GHRS) and Incannex Healthcare (IXHL).
- Compass Pathway was the best performer, UP 21.0%; Incannex (IXHL) was the worst performer, DOWN 1.5%
The Conservative Pot Stocks Index: UP 2.0%
- 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).
- The constituent stocks all pay dividends with yields ranging from just 0.9% for Anheuser Busch to 8.6% for Altria and average out at 3.1%.
- Anheuser-Busch was the best performer, UP 3.8%; Altria was the worst performer, DOWN 3.0%.
The Canadian Cannabis LPs Index: DOWN 1.5%
- The Index consists of the 5 largest Canadian Licensed Producers, namely: Aurora (ACB); Canopy Growth (CGC); Cronos (CRON); Organigram (OGI), and Tilray (TLRY).
- Organigram was the best performer, UP 1.6%; Canopy Growth was the worst performer, DOWN 5.0%.
The Ancillary Pot Stock Index: DOWN 5.3%
- 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).
- AFC Gamma was the best performer, UP 2.1%; Scotts Miracle-Gro was the worst performer, DOWN 8.3%.
The American Cannabis MSOs Index: DOWN 7.0%
- 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 (RNGTBIF); Jushi (JUSHF); Planet 13 (PLNHF); TerrAscend (TRSSF); Trulieve (TCNNF) and Verano (VRNOF).
- ALL constituents were down on the week ranging from -1.7% for Verano to -14.6% for Acreage.