Cannabis Central: Pot Stock Index Advanced Slightly On Friday

 

The munKNEE Pure-Play Pot Stock Index reversed direction on Friday, going UP 1.8% on Friday vs. DOWN 1.3% on Thursday.16 of the 25 constituents went UP, 9 went DOWN. In addition, all 3 index categories went UP, as well. The winners and losers are as follows:

Index Performance

The Index has companies doing business in a number of different categories and sub-categories based on their primary area of focus in the cannabis industry. These categories are identified below along with those stocks within each category that changed price by 10% or more:

1. The Vertically Integrated (i.e. Seed-to-Sale) Category went up 1.8%. The category consists of  22 index constituents that grow, process, and sell cannabis and hemp flower and related products.
   1. The Canadian Licensed Producer (LPs) Sub-Category went up 2.5% but none of the 7 index constituents within the category changed prices by 5% or more.
   2. The U.S. Non-Hemp Multi-State Operator (MSOs) Sub-Category went up 0.9% but Jushi (JUSHF), up 5.0%, was the only one of the 13 index constituents that changed price by 5% or more.
   3. The Hemp Seed-to-Sale MSO Sub-Category went up 10.8% with both index constituents in the category changing in price by 5% or more, namely, Charlotte's Web (CWBHF) up 11.8% and cbdMD (YCBD) up 9.4%.
2. The Extraction Category went up 2.7%, This category focuses on the extraction of cannabis compounds and their infusion into consumer products, and 1 of the 2 index constituents within the category changed price by 5% or more, namely, Valens (VLNCF) up 7.8%.
3. The Consumption Devices Category went down 1.8%. This category has only one index constituent, Greenlane (GNLN), focused on developing and selling personal consumption devices for cannabis consumers, such as vape pens and inhalers.

*Please note: The 25 pure-play stocks in the munKNEE.com Pure-Play Pot Stock Index are just that, pure, deriving 100% of their revenue from the sale of recreational and medicinal cannabis and consumption-related products and, as such, the Index reflects the true health of the marijuana industry in the U.S. and Canada. In addition, the Index only includes those pure-play cannabis stocks that consistently trade for more than US$1/share.

TM Editors' Note: Penny stocks and/or microcaps are easily manipulated and highly volative; do your own careful due diligence.