Cannabis Central: Pot Stock Index Jumped 5.0% Monday; All 9 Categories Advanced

The Non-Penny Pot Stock Index (NPSI) advanced 5.0% on Monday with 32 of the 39 constituents going UP, 5 going DOWN and 2 having no change in price and all 9 sector categories advanced. Below are the details.

298 cannabis companies have securities that actively trade on the various stock exchanges in Canada and the United States of which 39 (just 13% of the total) trade for at least US$1/share and, as such, are included in my proprietary Non-penny Pot Stock Index (NPSI).

Major Winners

Below are the price changes for the 19 constituents that either advanced or declined by 5% or more on Monday:

• 1 stock went UP in excess of 40%
  • Pyxus (PYX) +41.4%
• 1 stock went UP between 20% and 39.9%
  • Cronos (CRON) +21.5%
• 2 stocks went UP between 15% and 19.9%
  • Akerna (KERN) +18.3%
  • Organigram (OGI) +15.3%
• 8 stocks went UP between 10% and 14.9%
  • Aphria (APHA) +13.4%
  • Aurora (CGC) +12.9%
  • Abacus (ABAHF) +12.9%
  • New Age (NBEV) +12.9%
  • Village Farms (VFF) +12.6%
  • Valens (VLNCF) +10.7%
  • Medicine Man (SHWZ) +10.2%
  • Tilray (TLRY) +10.1%
• 7 stocks went UP between 5% and 9.9%
  • Canopy Growth (CGC) +8.7%
  • Charlotte's Web (CWBHF) +8.2%
  • Acreage (ACRGF) +7.7%
  • Cara (CARA) +6.4%
  • Alcanna (LQSIF) 5.6%
  • Rubicon (ROMJF) +5.4%
  • TerrAscend (TRSSF) +5.1%

The remaining 13 constituents went up by less than 5%.

Major Loser

Only 1 of the 5 constituents went DOWN by 5% or more, namely: FSD Pharma (HUGE) -7.4%. The remaining 4 constituents went DOWN by less than 5%.

Notable Mentions 

• HEXO (HEXO) +47.4%
• With the 19% increase in the average cannabis stock in May (see details here) 3 additional companies are now trading marginally above US$1/share and, therefore, are technically eligible to be included in the NPSI, namely,
  1. Jushi Holdings Inc. (JUSHF) +11.1%,
  2. KushCo Holdings Inc. (KSHB) +11.7% and
  3. Sundial Growers Inc. (SNDL) +32.9%.
• If any of these stocks are still trading above US$1/share at the end of the month they will be added to the NPSI. 

Further details regarding the current constituents of the NPSI are as follows:

• The official definition of a "penny" stock is one that trades below US$5/share but, when it comes to pot stocks, that is where 87% of the total universe trades, so the more literal definition of stocks that trade for less than US$1/share is used.
• In addition, the constituents operate within 9 categories, based on their primary area of focus in the cannabis industry, and the constituents within each category are identified below with how each of the 9 categories did on Friday:

1. Cultivation & Retail Category: +6.9%
   • The following 19 NPSI constituents are in this category, namely:  (ACRGF; ACB; LQSIF; APHA; CCHWF; CGC; CRON; CURLF; GTBIF; HRVSF; HUGE; MEDIF; OGI; PLNHF; 
2. Biotechnology Category: +3.4%
   • The following 7 NPSI constituents are in this category, namely:  (ABAHF; AVCNF; CARA; CRBP; GWPH; XPHYF; ZYNE)
3. Marijuana-Infused Products Category: +4.1%
   • The following 3 NPSI constituents are in this category, namely:  (CRLBF; NEPT; NBEV) 
4. Consumption Devices Category: +10.1%
   • The following 3 NPSI constituents are in this category, namely:  (AYRSF; GNLN; PYX)
5. Agricultural Technology Category: +8.9%
   • The following 2 NPSI constituents within this category, namely:  (GRWG; VFF)
6. Real Estate Category: +2.6%
   • There is only 1 NPSI constituent in this category, namely: (IIPR) 
7. Business Services/Consulting Category: +10.2%
   • There is only 1 NPSI constituent in this category, namely: (SHWZ)
8. Tech & Media Category: +18.3%
   • There is only 1 NPSI constituent in this category, namely: (KERN)
9. Hemp Products Category: +7.4%
   • The following 2 NPSI constituents are in this category, namely: (CWBHF; cbdMD) 

To see how the new Non-penny Pot Stock Index (NPSI) has done on a daily, weekly, and monthly basis this year please visit the daily updates here.